The Apprentice » beliefs

As a leader I commit to…

apprentice — Wed, 16 Mar 2011 08:12:56 +0000

I believe we are all born to lead in some form or other. As a husband, father and entreprenuer I am a growing leader. As such I’m always looking for resources to learn. I got this in an email from Chris Widner which I thought I’d share with you to help you on the path. Be blessed.

Continually pursue personal and professional growth
Treating everyone I come in contact with the dignity and respect they deserve
Finding the way for as many people as possible to benefit from my decisions and actions
Be willing to make and carry out hard decisions without regard to personal expediency
The highest level of personal and corporate integrity
Tell the truth and be honest, regardless of potential personal loss
Think “team” first
Finding a person who can mentor me
Finding at least one person I can personally mentor
Help others discover their strengths and function in them
Maintain my priorities and organize my life and work according to them
Live a life of balance between work, family, and leisure
Pursue balanced growth in body, soul and spirit — understanding that each area affects the others innately
Pursue what is best — for myself, my organization, and for others — and not settle for that which is simply “good enough”
Do work and live a life that leaves behind a lasting legacy of excellence
Build a team to surround me in order to enhance my strengths and make up for my weaknesses
Surround myself with people who will tell me the truth and not just what they think I want to hear
Become a great listener
Be an Extraordinary Follower of those who are my leaders
Help others develop their skills
Dream big dreams and encourage others to do the same
Stretch my followers enough to make them grow but not so much as to discourage them
Be driven by vision, mission and purpose, not by circumstances or expediency
View the world through optimistic eyes
Embrace the concept of change as a positive force for improvement
Be responsible in my actions as they relate to my commitments to myself and others
Be tenacious in my pursuits
Give more than I receive and to be characterized by generosity
Show courage in the face of challenge
Be an example of dedication and commitment
Share the privileges of leadership with those who follow me
Give power away to those who can share in it responsibly and help the organization
Use both my head and my heart when leading
Manage my time according to my priorities
Be the first to sacrifice when sacrifice is needed
Make all short-term decisions with the long-term goals in mind
Develop a successor
Develop excellent communication skills
Use a variety of means of influence
Be the primary strategy setter for the organization
Teach others
Inspire others
Keep my eye on the big picture
Making the complex simple
Motivate others
Consider others as important as myself
Identify future leaders
Train and develop future leaders
Regularly reward accomplishment
Allow followers to fail in their attempts at growth and innovation
Work leadership development into every level of the organization
Have a clear vision
Remain calm in difficult situations
Keep a sense of humor
Remove people from their position as soon as I know they need to go
Empathize with others

Quick question. How’s your Mindspace?

apprentice — Thu, 29 Apr 2010 05:00:53 +0000

The other day I was speaking to my cousin who is one of the closest people to me and he shared a very interesting revelation. You see he has a dream to own an Audi S8 which costs over 120,000$ and thats before the local revenue boys even ask for your shipping documents. Not to mention he wants to have a net worth of about 5million dollars in the next 5years. Now thats a BHAG!

Now, he realised that to actually achieve these dreams, he needs to have a much larger Mindspace than what he currently has. What is Mindspace you ask? Well some call it mind set but i say it’s the capacity or scale of the positive and empowering thoughts and beliefs you have.

Basically as long as your thoughts and beliefs are congruent with your dreams, you will achieve them. In my cousins case, if his thoughts and beliefs allow him to comprehend flying to Germany to customize the machine he wants, wire the money to Audi, put it on a plane to deliver it, give URA another cheque of UGX 100Million, then reach into his wallet and pull out another UGX 250,000 to fill up the gas tank, well lets just say it will probably happen very quickly. His Mindspace tells him that this is as normal as putting on clothes.

However, if his Mindspace is too small, well lets just say the closest he’ll ever get to that machine is pictures and videos on the internet.

Napoloen Hill says “What ever the mind of a man can concieve and believe, he will achieve” and the Master Himself says “As a man thinketh, so is he”. The point I’m trying to make is that our mindspace dictates directly the kind of results we have in life whether they be successes or failures.

My cousin rightly realised that inorder to achieve his dreams, he absolutely needs to increase his mindspace. Further more, his mindspace has to grow so that he can also accommodate the changes necessary to actually own such a car. The house where he will park that car, the maintenance costs to run it, the amount of money he’ll need to carry in his wallet daily, the friends he’ll have(and enemies), the standing in society that he’ll project, the level of business transactions he’ll be executing.

A great Mindspace is essential for a great life!

So if you have a dream, you will have to enlarge(or shrink) your mindset to accommodate that dream and everything that goes with it. Basically wealthy, successful and happy people have very large and positive mindspaces while poor, unhappy failures have tiny dark mindspaces.

So i ask again, how’s your mindspace?

Truths about borrowing money that I’ve learned from loan sharks

apprentice — Mon, 24 Aug 2009 15:30:58 +0000

It seems like in this world we live in today, it’s impossible to actually live without borrowing money. Everywhere you turn either yourself or someone you know is indebted.

Well over the last several weeks, a series of events all related to loan sharks and borrowed money have opened my eyes to certain truths that I’d like to share with you today. It’s my hope that you and I will see the fallacy of this dangerous lifestyle of borrowing that we are unconsciously comfortable with.

Lesson 1: Luzira express. Failure to pay debts is a criminal offence punishable with jail time.

Ok, this one I honestly didn’t know but it’s a scary fact. Even if you owe someone 10,000UGX and they take you to court over failure to pay, well you can be sentenced to jail time. I came to learn this lesson by the unwarranted instruction of a two loan sharks to whom my brothers were indebted. Suffice to say, they both have been arrested and only released upon lots of lobbying. I never used to get it but the basic principle is that getting you arrested is a strong arm technique by the sharks to force your friends and family to cough up the money in order to save you a one way trip to luzira. Now that used to piss me off but later I learnt that it’s actually a criminal offence to fail to pay your debts. A lot of us take it for granted that if we don’t pay our debts, what’s the worst that can happen? Well a couple of months in Luzira could happen. Take an example of those oh so popular salary loans we yuppies like to take out. A guy I know who works at a certain standard bank actually encouraged me to defraud my bank by taking a huge loan and not paying by simply saying I don’t have a job anymore so I can’t pay. Sounds really sweet eh? All that cash with no downside. Well a week ago I discovered that banks can actually take you to court and prosecute you all the way to cell block D if you fail to pay. So lesson, failure to pay your debts is tantamount to theft and you are a criminal if you don’t.

Lesson 2: The Borrower is the slave to the Lender

This one I first saw in the bible. Proverbs 22:7 says the Rich rules over the poor and the Borrower is a servant to the lender. This is a simple lesson I’ve seen in my own life and the life of many of my loved ones. When you borrow money, you are indebted to the person or system that lent you the money. Which means, in order to get your freedom back, you need to do everything in your power to pay them back. It is in the process of paying back that you become a slave. You go to work to day in day out to earn money to pay off your creditors. Trust me I’ve been there. Giving away half my salary every month to pay off some debts. Missing out on all the wonderful things I could have been doing with that money and at the same time shrinking my life to fit in the paltry salary that remained. Not even being able to buy a pair of shoes or a shirt. I began to loathe my job and my very existence because it seemed like I was working for my creditors. Others become insomniacs, get high blood pressure etc. Point is, you lose your freedom and become a slave till you clear that debt.

Lesson 3: Never stand surety for anyone. Period!

I don’t need to say too much about this one. It’s also biblical. Proverbs 6:1 says “My child, suppose you agree to pay the debt of someone, who cannot repay a loan. Then you are trapped by your own words,” and Proverbs 17:18 “It’s stupid to guarantee someone else’s loan.” Subtle!

I needn’t say any more about the folly of standing surety. What is surety you ask? Surety is simply guaranteeing a loan on someone else’s behalf. Failure of that person to pay means that you pay the outstanding amount. Now the problem with this is, a lot of people have no problem defaulting on their loans leaving you to face the music. Besides, by the time someone asks you to stand surety for them, they believe you are a Mugaga. Worse still though, if the person fails to pay, and you can’t pay either, well, it’s off to luzira for both of you! Back to the example of my brothers. One of them stood surety for a cousin who failed to pay. Guess who was picked up at his office by the police? Yep, my brother. Only some frantic running around spared him a one way trip to Luza’s. The prisons bus spent the whole afternoon eagerly waiting just for my bro. So key lesson, any failure to pay by the person is your failure as the one who stood surety. You are just as liable. So, as for standing surety, as the old adage goes, JUST SAY NO!

Lesson 4: Borrowing can ruin your reputation, your relationships and your life

Ok now this one I have seen way up close. A very close cousin of mine is like 5000 feet deep in debts to banks, loan sharks, friends and family. He hasn’t had a job for the last 6months. Several people in my family have had brushes with harassment and arrest because of standing surety for his loans. To put it mildly, they don’t ever want to see him ever again. His name isn’t even supposed to be mentioned. It’s like in Harry Potter, the reference to the villain is generally ““He-Who-Must-Not-Be-Named”. There, relationships destroyed. Nobody in their even wildly, intoxicated frame of mind would touch him with a ten foot pole. He has been marked by the new Credit Reference Bureau as a “Delinquent borrower” so he can never borrow from any bank in Uganda for a minimum period of 7years or is it 10? Whatever, the point is reputation destroyed. If he gets arrested by any one of multiple creditors, he’ll have a criminal record to deal with all the rest of his days. Plus there are ripple effects. When I looked at my other brother facing arrest for some loans, I couldn’t help think, so what happens to his wife and kids if he’s incarcerated? Who looks after them when the creditors take all their property to clear their dues? Their lives would also be destroyed. So no reputation, relationships or life.

Lesson 5: Borrowing is a sign of selfishness, impatience and indiscipline

Now don’t get me wrong. Not all borrowing is bad. But habitual borrowing underlines a much bigger problem. Why do you borrow? Simply because you want something but you don’t have the patience to wait to get it. It’s about instant gratification. I must have it now. We live in a generation where we expect everything to be instant and to get it with the least possible work. Borrowing is the path of least resistance. You want a car? Get a bank loan to buy it now even though in reality, you can’t afford it. You want to impress that girl? Borrow from your work buddies to take her to rock night and buy her black label. Spent all your salary paying for that really expensive apartment? Just borrow some money to see you through the remaining 3weeks of the month. Get the picture? Borrowing arises from selfish, impatient desire to have things that we can’t afford in the moment (and probably shouldn’t anyway) and we don’t have the discipline to live within our means and save towards getting that thing debt free. I’m definitely not perfect. I wanted a car so badly and I couldn’t wait so I borrowed money at an exorbitant interest rate and spent 2years paying for a car that in the end, I don’t even like that much! What’s more, the car isn’t even worth half what I borrowed now. Sigh. Even worse, we borrow to pay debts! Don’t even get me started about that crazy cycle. So lesson, if you are habitually in debt, it’s time to have a long, hard and brutally honest examination of yourself and your lifestyle. You might be shocked at what you discover about yourself.

So these are a few critical lessons I’ve learnt about borrowing. I’m sure i’ going to learn more as these situations in the family are being cleared up. My wife and I generally live by a strict agreement to never borrow unless it’s a matter of life and death or if it’s for investment. Otherwise, we’d rather starve than borrow and believe me, there have been times when we did. I must say though, after all the drama I’ve seen courtesy of loan sharks these past 6weeks, I’m so thankful we took this stand. I’d rather starve in my own house than have to worry about being made someone’s b@*$h! Now this advice is difficult for most but if you want peace in your life, and you want to avoid Luza’s, just stay away from borrowing. I’d love to hear some of your own loan shark stories and lessons so hit me.

Shalom

“Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.” Romans 13:8
“But my God shall supply all your need according to his riches in glory by Christ Jesus.” Phil 4:19
Who goeth a borrowing, Goeth a sorrowing.
~Thomas Tusser
Debt, n. An ingenious substitute for the chain and whip of the slavedriver.
~Ambrose Bierce, The Devil’s Dictionary, 1911
Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.
Ogden Nash
Be assured that it gives much more pain to the mind to be in debt, than to do without any article whatever which we may seem to want.
Thomas Jefferson
Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man’s surety. If your friend is in distress, aid him if you have the means to spare. If he fails to be able to return it, it is only so much lost.
Andrew Jackson

And finally, Millionaire Habit 9: Respect Money

apprentice — Wed, 27 May 2009 10:40:10 +0000

So we have finally come to the end of our series on the 9 Habits of Millionaires as i understood them from Adam Khoo’s e-book. Lets dive right into what is probably the most important of all the habits as it directly relates to money and how we see it.

Habit 9: Respect Money

Do you really respect money? If i was to ask you what you thought of money, I’d get several varying answers many of which would show an unhealthy view towards money. The most common beliefs about money are:

Money is the root of all evil
Money is elusive and fleeting
Having money will cause me more problems
Rich people are greedy, selfish and unscrupulous
Poverty is a virtue
Money will change you(into a bad person)
You have to work extremely hard to make money
If i become wealthy
etc

Most of us want and desire to have lots more money but subconsciously, we walk around with these negative associations towards money and this causes a conflict. Essentially what happens is that we sabotage ourselves from getting money. For example most of us have been brought up to believe that money is the root of all evil. As such we feel guilty about money. So we unconsciously do things to get rid of the money in our lives. If you have 5million shillings on your account, you find ways to spend, lend, waste, give it away to abate the guilt you have in actually having that much money. Please note that as long as you have this disrespect for money, you will never be able to truly prosper.

Millionaires on the other hand have a high respect for money. They see money as a tool, an ally and even as a friend. Millionaires know that money can do a lot for them. Millionaires realize that money offers them opportunity to do the things they really want, go where they want and buy what they want. Money to them therefore is highly respected. They don’t waste it. They don’t throw it away. They don’t feel ashamed of having it either. In the same breath, millionaires are not slaves to money. They don’t work for money. Money is a result of them offering tremendous value in the marketplace. They know that their true worth doesn’t come from money but with the value and ideas they have to offer. Money to millionaires is merely a way of keeping score.

So we must work on changing our beliefs and attitudes towards money into more healthy and empowering ones. I personally have chosen to adopt some of the following beliefs about money:

Money is abundant and comes easily and frequently to me.
Money helps me live the lifestyle I desire
Money enables me to richly bless those around me
Money is an effective tool that I use in my life
Money is a reflection of the value I offer in this world
Having money is generally better than not having it.
Money gives me tremendous influence for good
etc

I’d definitely like to hear your new found respect and beliefs of money. I could use a few more myself. Recognize that most of your beliefs about money are myths that were unwittingly passed onto you by you parents and society. You want to be rich. You can be rich. Give yourself permission to do so. I know i have. And everyday I’m striving to develop all these 9 habits.

And thats it folks. Phew! Thank you for following this series, I do hope you were blessed by it. I will be anxiously waiting to hear your various feedbacks about how easy, difficult or practical it’s been for you to live out these habits. For your reading convenience here are all the Habits listed once again.

Shalom

JAMES RUSSELL LOWELL:
Wealth may be an excellent thing, for it means power, and it means leisure, it means liberty.
WOODY ALLEN:
Money is better than poverty, if only for financial reasons.