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[Motivation Monday] 10 Healthy Habits That Will Help Improve Your Life

It’s great to set goals and plan for the future because it gives us clarity and something to fight for. From the right perspective, goals are like fuel that makes us run and get to our dream destination.

But we often forget that we have to start that journey now, in the present. Otherwise, those goals would stay far away in some kind of dreamland.

Nobody knows what the future holds, so it’s right now, this very moment, that gives us the opportunity not only to look forward to the future but also to enjoy the journey.

True, we can’t completely control what’s yet to come, but we can control our habits. Creating (and sticking to) healthy habits will help us close the gap between what we have and what we want.

PLJ Income - You don’t decide your future. You decide your habits and your habits decide your future

This is all about taking action in the present moment, so without further introduction, let’s get to it.

Here are 10 healthy habits that will improve your life.

1. Move around.

This is an oldie but goodie. Just about every list of healthy living or “how to be happy” guide encourages you to exercise frequently. And it’s true. Our bodies are meant to move. So if you don’t workout already, just stand up and stretch more frequently, or create a list with your favorite songs to dance to. Movement and exercise are proven health and mood boosters. Physical activity is definitely a great way to improve your life.

2. Get out more.

Outdoor activities are fun, usually involve physical effort, and give us a chance to live different experiences. Granted, having lazy days is great, and there’s really no reason why you shouldn’t have them. However, staying in every day can lessen your creativity and make you cranky. Always try to incorporate outdoor activities that make you want to jump of the sofa at least twice a week.

3. Make your bed.

This might sound strange, but making your bed and your bedroom a clean, inviting space can actually make you sleep better. Studies have proven that a well-made bed is an important part of the sleep process. Good sleeping habits are so important for one’s health, this simple little trick turns out to be an essential habit for our wellbeing.

4. Limit your social media time.

No surprise here, right? Social media offers us a chance to connect with loved ones and limitless information, but let’s not kid ourselves — it can just as easily lead us into a hole of procrastination and comparison games that results in hours of just scrolling through meaningless images. In order for you to focus on your goals, setting a specific amount of “social media time” is a great habit that’ll give you more time to yourself.

5. Do first things first.

Forget about multi-tasking! Give your all to the things you want to do. Concentrate and do the best you can. Whether you achieve the expected results or not, you’ll still have a sense of fulfillment if you know deep down that you really tried to conquer something. Why wouldn’t you give 100 percent of your attention to the things that matter to you? Prioritize and act accordingly. A handy little trick to this is to pick the most important task or chore you have to do, and do it first thing after breakfast. That way, your mind will be less cluttered throughout the day.

6. Meditate.

Meditation is a really powerful tool; it benefits the mind, body, and soul. And one of its greatest qualities is that it doesn’t have to be complicated at all. Although there are many types of meditations, you could just opt for closing your eyes and practicing some deep, conscious breathing. If you want to set the mood, you could buy an aromatherapy candle and put soothing music on. Just remember, meditation is a break from the fast-paced, stressful world we live in, so don’t worry about whether you’re using a fancy technique or if you’re doing it right. As long as it helps you unwind, you’ll be fine.

7. Communicate.

No matter who you are, you have people who care about you. Communicate with them. Treasure your friends and family. Sometimes, we can be so caught up doing “urgent” stuff, we forget that relationships and communication don’t grow all of a sudden; we need to take care of them. Make the habit of keeping in touch with the people who care for you and whom you care about.

8. Keep track of your finances.

Having financial instability is a common source of anxiety and frustration, and that obviously takes a toll on your overall health. Keeping track of your finances is not only a smart habit that can make you become (or continue to be) financially independent, but it’s also good for your health and relationships. If you’re currently struggling with your finances or have been in that position, you know how frustrating it can be. Don’t wait any longer; take control of your economic situation.

9. Get comfortable with yourself.

You’re never truly alone if you learn how to be comfortable with yourself. Learn to enjoy quiet moments in your own company, and your mood will improve. Become friends with yourself, and you’ll see a difference in your life.

10. Reward your efforts.

This is the habit that will make you stick to other habits: reward yourself. You don’t have to practice all these habits at the same time; tackle them one by one and give yourself an A for effort.

Let’s say you went jogging three days in a week. You could take the sour route and think about how you could have gone jogging every weekday if you had just woken up a little earlier — or you could take the encouraging route and congratulate yourself because you actually did something good for your mind and body when you could’ve just stayed in bed.

Don’t be perfect. Nobody is. Focus on your efforts and reward them. That’s how you stick to good habits.
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[Financial Friday] Should I loan my child money for a down payment on a house?

For a lot of young people today, it’s difficult to purchase a home without at least some financial assistance. As a result, many young adults turn to their parents or other family members for help with a down payment.

Should I loan my child money for a down payment on a house?

If you plan on lending your child money for a down payment on a house, you should try to assume the role of a commercial lender. Setting the terms of the loan in writing will demonstrate to your child that you take both your responsibility as lender and your child’s responsibility as borrower seriously.

While having an actual loan contract may seem too businesslike to some parents, doing so can help set expectations between you and your child. The loan contract should spell out the exact loan amount, the interest rate and a repayment schedule. To avoid the uncomfortable situation of having to remind your child that a payment is due, consider asking him or her to set up automatic monthly transfers from his or her bank account to yours.

This type of loan documentation is also important for IRS purposes because there may be potential income and gift tax issues with these types of loans. For example, interest paid by your child will be considered taxable income, and if adequate interest is not charged for the loan, special imputed interest rules may apply.

If you don’t feel comfortable lending your child money, you may want to consider making a smaller, no-strings-attached gift that doesn’t have to be repaid. Currently, you can gift up to $14,000 annually per person under the gift tax exclusion. However, if you do gift money for a down payment, your child’s lender may still require him or her to put up some of his or her own money, depending on the type of mortgage chosen.

Keep in mind that lending money to family members can be a tricky proposition. Before entering into this type of financial arrangement, you should take the time to carefully weigh both the financial and emotional costs.

Important Disclosure
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[Motivation Monday] Who Are Your Kind of People?

The people that surround you influence you in more ways than you may know. From inside jokes to how you react to challenging situations, the opinions and moods of those around you matter more than we might realize.

Having a group of close friends who care about you is a great safety net that can allow you to face challenges with confidence.

Friendships provide support, respect, kindness, and even hard truths when they’re needed. Plus, good friends can improve your health. Several studies have shown that social support helps people cope with a wide variety of issues including stress, depression, grief, and unhealthy habits.

PLJ Income - Surround yourself with positive people and you'll be a positive person
It’s no secret that when you spend more time around certain people, you might start to act, talk, and think like them.

This doesn’t mean that you’ll lose your individuality, but at the end of the day, you’ll acquire some traits of those who you spend a lot of time with. Of course, your friends will pick up some of your traits as well. This is why it’s important to be around people that you like and admire—people who really hold your best interest at heart.

This is a two-way street, though! Friendships are as much about giving as they are about taking. Maintaining a balance is important.

So, who are your kind of people?

What type of crowd do you like to hang out with? If you’re not sure how to answer that, think about a close friend and name three things that you like about them. Chances are, the things you like about your close friend are things you would like about other people, too. You can use those traits to find the kind of people that are right for you.

In order to make sure that you create healthy friendships with others, you should choose to spend time with good-hearted people who value their time and relationships.

For strong friendships, build your own safety net while forming part of someone else’s at the same time.

When you surround yourself with true friends, you will add more fun, support, and meaning to your life.

Keep in mind, though, that being around like-minded people doesn’t mean finding an identical copy of yourself. You’ll never find someone exactly like you, and it’s okay if you don’t share all of your interests or if you don’t agree all the time.

Like-mindedness means sharing core values, like honesty and determination, and respecting each other’s uniqueness. These traits are extremely important in a worthwhile relationship. With a safety net of strong, healthy friendships, you will always have a sense of security and support through the good times and the bad.

When Friendship Turns Toxic

quote - No person is your friend who demands your silence, or denies your right to grow

Once you create a network of friendships, it’s important to remember that your work doesn’t end there.

All relationships require time and energy from everyone involved.

Sometimes, relationships will take unexpected turns. Instead of enjoying the security and support that a friendship can offer, you might realize that your friendship has taken a wrong turn. Maybe your friendship feels filled with drama or you find yourself feeling upset when interacting with that friend.

If you often feel unappreciated, guilty, worried, or any other type of negativity in your relationship, you could be dealing with a toxic person.

If you suspect your friend might be a toxic person, here are some common warning signs to look for:

– They feel the need to always be right and will not move on until you agree with them.
– They try to control and manipulate your actions and feelings.
– They make you feel guilty or doubt your own decisions (often by insisting that they are the victim no matter what the situation).
– They don’t take responsibility for issues in the relationship or their own mistakes.
– They focus on negativity in all things.

Toxic people may have a painful history or other reasons behind their actions, but there is no excuse for treating others poorly.

If you find yourself spending time with a toxic person, try to create boundaries and distance between you and the toxic person.

Protecting yourself is important. However, not every conflict means that you’re dealing with a toxic person. Everyone makes mistakes, and sadly, everyone will end up getting hurt or hurting someone one time or another, even if it’s an accident. That’s just part of being human. It’s important to reflect on your actions and to improve yourself, but you shouldn’t expect perfection from anyone, not even yourself.

As is the case with most of the topics we discuss, manipulation also happens when dealing with finances.

Toxic behavior can exist in so-called “financial advisors” who make their clients feel ashamed and uncomfortable and force them to make risky monetary moves or invest in something they don’t want.

When the client wants out, these advisors use guilt to convince them to stay. In a case like this, nobody wins. The client loses financial stability, the “advisor” loses respect, and both lose valuable time.

Someone that cares for you won’t guilt you of force you into anything.

Pay close attention to the warning signs of toxic relationships, and if you happen to be around toxic people, create a healthy distance and move on.

It is possible to find people who add to your life instead of subtracting from it. Cherish those healthy relationships if you have them, and make an effort to find them if you don’t.
You’re in charge of your life.

You have the power to influence people through your actions and words, and you get to decide how you should be treated. You should show them what’s okay and what’s not in your book.

Be with your kind of people and enjoy life.

PLJ Income - Letting go of toxic people in your life is a big step in loving yourself

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[Financial Friday] Projecting a Happy Retirement

A 2015 study found that 41% of households headed by someone aged 55 to 64 had no retirement savings, and only about a third of them had a traditional pension. Among households in this age group with savings, the median amount was just $104,000.¹

Projecting a happy retirement

Your own savings may be more substantial, but in general Americans struggle to meet their savings goals. Even a healthy savings account may not provide as much income as you would like over a long retirement.

Despite the challenges, about 56% of current retirees say they are very satisfied with retirement, and 34% say they are moderately satisfied. Only 9% are dissatisfied.²

– Develop a realistic picture

How can you transition into a happy retirement even if your savings fall short of your goals? The answer may lie in developing a realistic picture of what your retirement will look like, based on your expected resources and expenses.

As a starting point, create a simple retirement planning worksheet.

You might add details once you get the basics down on paper.

– Estimate income and expenses

You can estimate your monthly Social Security benefit at ssa.gov. The longer you wait to claim your benefits, from age 62 up to age 70, the higher your monthly benefit will be. If you expect a pension, estimate that monthly amount as well.

Add other sources of income, such as a part-time job, if that is in your plans. Be realistic. Part-time work often pays low wages.

It’s more difficult to estimate the amount of income you can expect from your savings; this may depend on unpredictable market returns and the length of time you need your savings to last. One simple rule of thumb is to withdraw 4% of your savings each year. At that rate, the $104,000 median savings described earlier would generate $4,160 per year or $347 per month (assuming no market gains or losses). Keep in mind that some experts believe a 4% withdrawal rate may be too high to maintain funds over a long retirement. You might use 3% or 3.5% in your calculations.

Now estimate your monthly expenses. If you’ve paid off your mortgage and other debt, you may be in a stronger position. Don’t forget to factor in a reserve for medical expenses.

One study suggests that a 65-year-old couple who retired in 2015 would need $259,000 over their lifetimes to cover Medicare premiums and out-of-pocket health-care expenses, assuming they had only median drug expenses.³

– Take strategic steps

Your projected income and expenses should provide a rough picture of your financial situation in retirement.

If retirement is approaching soon, try living for six months or more on your anticipated income to determine whether it is realistic.

If it’s not, or your anticipated expenses exceed your income even without a trial run, you may have to reduce expenses or work longer, or both.

Even if the numbers look good, it would be wise to keep building your savings. You might take advantage of catch-up contributions to IRAs and 401(k) plans, which are available to those who reach age 50 or older by the end of the calendar year. In 2016, the IRA catch-up amount is $1,000, for a total contribution limit of $6,500. The 401(k) catch-up amount is $6,000, for a total employee contribution limit of $24,000.

Preparing for retirement is not easy, but if you enter your new life phase with eyes wide open, you’re more likely to enjoy a long and happy retirement.

¹ U.S. Government Accountability Office, “Retirement Security,” May 2015
² The Wall Street Journal, “Why Retirees Are Happier Than You May Think,” December 1, 2015
³ Employee Benefit Research Institute, Notes, October 2015

Important Disclosure

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[Motivation Monday] How to Transform Your Vision Into Reality

We all have a vision of our ideal self—an image of the perfect life. It’s different for everyone.

Some want to explore nature and reconnect with Mother Earth. Others want to impact people’s lives through artistic work, such as creating a painting or writing a novel.  Still others may want the freedom to travel around the world.

Whatever your vision is, it manifests your innermost desires and passions. Don’t ignore it. Don’t let yourself get caught up in mindless distractions. Don’t tell yourself you’re too busy.

PLJ Income - When I dare to be powerful, to use my strength in service of my vision, then it becomes less and less important whether I am afraid.
Transforming your vision into reality begins with investing time in yourself.

Spoiler alert: It’s worth it.

Author and entrepreneur, Chris Guillebeau, gives us a sneak-peak on what it takes to become a master of one’s vision. In his book Born for This, Guillebeau explores how to create a successful career. According to Guillebeau, successful, fulfilled people have three common traits: joy, money, and flow.

These characteristics can also guide us on how to make our ideal lives a reality.

Question yourself: How are joy, money, and flow demonstrated in your life?

– Joy

Which of your daily activities gives you joy? If this was a no-brainer, great! You’re lucky. But if you struggle to find joy, you must rethink your daily life.

You deserve joy. What can you include in your routine to spark up your day?

You don’t have to make drastic changes. Sign up for dancing lessons. Write a thank you note. Grow flowers or herbs. Take part in your favorite charity. The possibilities are endless. Joy is everywhere. It’s up to you to add more of it to your life.

When you do the small things, joy creeps in to each day.

Doing the things you love will energize you and inspire others to do the same.

Joy starts you down the path to your vision. Imagine what a difference joy can make!

However, the truth is that you don’t have to wait for your vision to become a reality to be happy. Start to appreciate things as they are right now and you’ll be closer to that ideal picture without even noticing it.

– Money

Let’s keep things real. You need financial stability to keep your body and mind healthy.

But you may not yet have it. Money can be an obstacle for many people (and usually they struggle in silence, which puts even more weight on their back). It’s easy to blame money for an inability to do the things you want. While it may be a genuine excuse, it is a fixable one.

If you struggle with money, ask yourself: What can I do to make my vision financially sustainable?

Before you can find fulfillment, you need to get your finances in order. That means getting rid of debt and learning how to manage your income. You need enough money both to live comfortably and save for that inevitable rainy day.

Determination and planning are key to resolving money issues. We’ve found that with some minor adjustments, you easily can improve or fix money problems. If you’re struggling with financial management, we can help.

– Flow

Guillebeau defines flow as the things you do naturally well.  Think about it. What do people compliment you on? What is effortless for you?

The things you do well can underline and shape your vision. When you do something well, you become immersed in the flow of the task. As you fall into the flow, you become more relaxed and confident in yourself and your abilities.

Challenge yourself to find your flow. Bake some treats. Cheer someone up. Choose the perfect gift. Sing on pitch. It doesn’t matter what it is, just let it flow. After you’ve done the activity, take a couple of minutes and think about how it made you feel. Don’t you want these feelings more often? How can you bring flow to your everyday life and activities?

When you test your life by looking for joy, money, and flow, you’ll find your vision. Combining these three characteristics nourishes your soul and polishes your skills and talents. Feeling good about yourself and your capabilities is the key to unlocking the doors that stand in your way.

Tomorrow comes today

Of course there will be bumps in the road. We’re the first to admit that life can get hard. But if you take an active role in mastering these characteristics, you will have the tools to tackle whatever comes your way.

Avoid energy leaks like doing things that bore, stress, or frustrate you. Don’t forget to stop and enjoy the moment. Working on your future now doesn’t mean you should ignore the present.

Make the best of your days. Have fun discovering what the right combination of joy, money and flow feels like for you. You can transform your vision into reality as long as you’re willing to experiment and invest in yourself.

Ditch fear and self-doubt by focusing on what you have and the positive things you’ve contributed.

This is the message we’d like to transmit: it’s possible for you to create the life you want.

Start now. You have more options than you think.
Transform your vision into reality.