Daily Archives: July 1, 2013

Achieving Your Dreams

By: Jim Rohn

While most people spend most of their lives struggling to earn a living, a much smaller number seem to have everything going their way. Instead of just earning a living, the smaller group is busily working at building and enjoying a fortune. Everything just seems to work out for them. And here sits the much larger group, wondering how life can be so unfair, so complicated and unjust. What’s the major difference between the little group with so much and the larger group with so little?

Despite all of the factors that affect our lives—like the kind of parents we have, the schools we attended, the part of the country we grew up in—none has as much potential power for affecting our futures as our ability to dream.

Dreams are a projection of the kind of life you want to lead. Dreams can drive you. Dreams can make you skip over obstacles. When you allow your dreams to pull you, they unleash a creative force that can overpower any obstacle in your path. To unleash this power, though, your dreams must be well defined. A fuzzy future has little pulling power. Well-defined dreams are not fuzzy. Wishes are fuzzy. To really achieve your dreams, to really have your future plans pull you forward, your dreams must be vivid.

If you’ve ever hiked a 14,000-foot peak in the Rocky Mountains, one thought has surely come to mind: “How did the settlers of this country do it?” How did they get from the East Coast to the West Coast? Carrying one day’s supply of food and water is hard enough. Can you imagine hauling all of your worldly goods with you… mile after mile, day after day, month after month? These people had big dreams. They had ambition. They didn’t focus on the hardship of getting up the mountain.

In their minds, they were already on the other side—their bodies just hadn’t gotten them there yet! Despite all of their pains and struggles, all of the births and deaths along the way, those who made it to the other side had a single vision: to reach the land of continuous sunshine and extraordinary wealth. To start over where anything and everything was possible. Their dreams were stronger than the obstacles in their way.

You’ve got to be a dreamer. You’ve got to envision the future. You’ve got to see California while you’re climbing 14,000-foot peaks. You’ve got to see the finish line while you’re running the race. You’ve got to hear the cheers when you’re in the middle of a monster project. And you’ve got to be willing to put yourself through the paces of doing the uncomfortable until it becomes comfortable. Because that’s how you realize your dreams.

Pending Home Sales Rise; Income, Savings Edge Up; Initial Claims Back Down

By Dees Stribling, Contributing Editor – CommercialPropertyExecutive.com

The National Association of Realtor’s Pending Home Sales Index, a forward-looking indicator based on residential contract signings, but not closings, increased 6.7 percent to 112.3 in May from 105.2 in April, NAR reported on Thursday. That’s a 12.1 percent above May 2012, when the index was 100.2, and in fact the highest level since December 2006, just before the U.S. housing market did a number on the rest of the economy.

The organization is now predicting that existing-home sales will increase 8.5 to 9 percent this year compared with last, reaching about 5.07 million units in 2013. That would be the highest annual number of units moved in seven years, and slightly above the 5.03 million recorded in 2007.

“Even with limited choices, it appears some of the rise in contract signings could be from buyers wanting to take advantage of current affordability conditions before mortgage interest rates move higher,” NAR chief economist Lawrence Yun said in a statement. “This implies a continuation of double-digit price increases from a year earlier, with a strong push from pent-up demand.”

Income, Savings Edge Up in May 

Personal income increased $69.4 billion, or 0.5 percent, and disposable personal income—always the best kind—increased $57 billion, or 0.5 percent, in May compared with April, according to the Bureau of Economic Analysis on Thursday. May was a good month in that regard, since the month-over-month increase in April compared with March was only 0.1 percent for both personal income and disposable personal income.

People out spending some of that income—which the government refers to as “personal consumption expenditures”—was also up in May, increasing $29 billion, or 0.3 percent, compared with April. In April, personal consumption expenditures dropped 0.3 percent compared with the previous month.

Personal savings—which is disposable personal income minus personal outlays—was $387.6 billion in May, compared with $359.2 billion in April, the BEA said. The personal savings rate—personal savings as a percentage of disposable personal income, that is—was 3.2 percent in May, compared with 3 percent in April.

Initial Claims Back Down

Initial unemployment claims yo-yoed back down again last week, the BEA also reported on Thursday. For the week ending June 22, initial claims were 346,000, a decrease of 9,000 from the previous week. The less moody four-week moving average came in at 345,750, a decrease of 2,750 from the previous week.

Wall Street continued in its positive mood—the Ben Bernanke/QE3 scare might just be a memory now—with the Dow Jones Industrial Average gaining 114.35 points, or 0.77 percent. The S&P 500 was up 0.62 percent and the Nasdaq advanced 0.76 percent.