From the monthly archives:

September 2010

What Keeps You up at Night?

by Derek Sisterhen on September 28, 2010

raccoon$90,000 in debt looming over my head used to keep me up at night.  Then I created a plan to crush it all.  Pay it back and owe nothing but a house payment.

My family used to keep me up at night.  I was an airline pilot, basically living in New York City where I was based, while my family was home in North Carolina.  I created a plan to take back my schedule by starting my own business.  Now I’m in charge and 100% in control.

Now I can’t sleep because I’m excited to go to work nearly every day.  We all have things that keep us up at night.  Jerrid is coming to my office for coachU and wrote to tell me this:

“Going to NC is the first step for me in starting a business where I can execute my passions and help people.  I enjoy my current career, but have always felt something missing.  Having a business where I’m in control of my destiny, have an open-ended income, act upon my passions, and help people…this keeps me up at night.

My wife and I became debt-free in December of 2007.  The life we’ve been able to live since then is so foreign to today’s norm.   Recently, we bought our first home and put 40% down after just 2 1/2 years of saving and hope to have it completely paid off in 4 to 6 years.

I’ve had many opportunities to chat with co-workers, neighbors, friends, and family about paying off debt and budgeting…I find myself being way more passionate about these topics than my current job.  To me, going to NC, getting coached myself on the nuts-and-bots of starting a coaching business is not only a no-brainer, it’s something I HAVE to do.”

CoachU is a event where  you’ll go behind the scenes in my business to learn what worked and how you can replicate the same success we’ve had at Lukas Coaching.  If you want to spend time with my team and only four other coaches to build the business of your dreams, you’ll want to join us.

At the time of this writing only three spots remain.  Visit the registration page to see if space is still available.

(Photo credit tambako)

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Blow the Big Guys Out of the Water

by Justin Lukasavige on September 24, 2010

There are some easy things I do to blow the big guys out of the water when it comes to connecting with people and converting relationships into sales.

Click here if you can’t view the video

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Go Ahead, Be Selfish

by Jaime Thompson on September 24, 2010

nesteggWe teach our children to share, to find the joy in giving, and that the world doesn’t revolve around them. Just as we try to model the social behaviors we want our children to take into adulthood, financial ideas and habits start developing at a young age. Whether we are conscientiously teaching them or they are merely observing our dealings with money, they are learning.  However, I’m about to tell you to be selfish and teach your kids to do the same.

As parents we want the best for our children, but do we want to leave them with the financial burden of caring for us in our later years? We cannot sacrifice our retirement savings to “benefit” our children. I watch people put off their own retirement savings to put money in a college fund, pay for an extravagant vacation, or buy a new car, but who is going to pay your bills when you retire? Unless you plan on retiring in the next few years, the only thing you can be certain of is that the future of social security is uncertain. And with an enormous and continuously mounting national deficit we cannot expect the government to cover our expenses in retirement.  So assuming you are debt free and have a comfortable emergency fund, what should you do with the extra money you have each month?  First and foremost you should be putting money in a retirement fund. Yes, this means before you contribute to a college savings fund. If you work for a company that matches some of your 401k contributions, start there until you receive the full match (it’s free money!) and then put any other money you can into a Roth IRA*.  Once you maximize your retirement investments, then you can start putting money away for college.  Remember, your children can always get loans and scholarships to help pay for college, but nobody is going to give you a loan to pay your monthly bills in your retirement years.

*assuming you are eligible to contribute

(photo by scottwills)

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Building Buzz

by Derek Sisterhen on September 23, 2010

Savory Spice ShopI get really excited when a business I’m working with gets to launch.  There’s excitement and a bit of fear that surrounds an event like this.

Will people show up for a grand opening (retail)?

Will they buy what I’m selling?

Will they like it and want more?

Will they tell their friends?

All these questions hang in the air but none of them can diminish the hopes and hard work a new business owner has invested in their business.

This picture is of two big samples of spices from Bob and Cindy Jones.  I’ve been working with them over the past few months to get their new shop, Savory Spice, open and profitable, in Raleigh, NC.

Instead of a big radio and TV blitz, they’re doing a big grass roots campaign and getting out to where the people are.  They’re not hoping for people to see their ads, but instead, are out there interacting directly with their future customers.  They’re people, not a faceless company with a fancy spot on the radio.

That’s what grass roots is all about.  Being real.

Not only is their campaign less expensive, but it’s far more effective.  They’ll meet people in their neighborhood and get to know them by name.  They’ll be able connect with them again when they come back for another spice.  After tasting this sample, there’s no doubt they’ll be back.

If you want to squash doubts about the success of your business, get out there and do what it takes to be real. Stop hiding behind ineffective advertising and do the hard work of connecting one-on-one.

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K.I.S.S. Your Career

by Jory Butler on September 22, 2010

Are you overwhelmed with so many resources about finding work?  When you go to a library or bookstore do your eyes just glaze over how many books on the subject of careers?  You are not alone!!!

Keep It Simple Silly

Let us know how we can help you K.I.S.S. Your Career.

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How To: Stay Organized in Your Inbox

by Derek Sisterhen on September 21, 2010

I receive about 1,000 messages each week. Here’s a look at how I stay organized and keep my inbox pretty close to zero messages every day.

Click here if you can’t view the gmail inbox organization video

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Too Bad Teenagers Can’t Hang Out At Sky Mall

September 20, 2010

In the month of August I spent 26 hours in seven airplanes. And not one of those seven airplanes was absent a complimentary copy of Sky Mall, the shopping catalog so transcendent, so magnificent they can’t even keep it on earth. It can only be enjoyed at 32,000 feet.
Have you ever found yourself wondering what [...]

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What’s In A Name?

September 18, 2010

Did you have a hard time picking a name for your baby? Maybe you already have names picked out for your unborn children. What about your savings account? College fund? Vacation fund? Behavioral finance experts have found that earmarking your savings for a specific goal can have a big impact on your savings rate. In [...]

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Even a Four-Year Old Knows

September 17, 2010

I took Amanda out hiking for her birthday today.  I decided a few years ago that I would make my family my priority so I don’t work on their birthdays.  Amanda actually remembers things we’ve done together over the past few birthdays with surprising clarity.
Her wish was to go hiking today; just her and I. [...]

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I Need Clients, NOW!

September 16, 2010

I just got off the phone with a financial coach who has been full time in his business for about 12 months.  We’ve talked on and off over the past few months about growing his business to the point where it actually supports him.  At that point he can do what he loves to do [...]

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