Every Day Is Gameday

Are you one of these individuals that sit on the sidelines waiting for opportunity to hit you in the head or are you preparing for life and working toward becoming a champion? Recently, Prospect Mortgage’s Chief Performance Officer Todd Duncan interviewed Tim Enochs, and this article provides the highlights of the strategies you need to fulfill your purpose in live and to live “each day like a champion”.

“Tim Enochs is a Master Coach with Building Champions and has been involved in coaching for over 10 years. His championship advice has helped business owners, business groups and sports teams play their best game!” He is also the author of “Every Day is Game Day!”

Mr. Enochs defines “Game Day as the day in which the past culminates with present actions to forever change the future.” Each day is a “game day” offering a wide array of opportunities for you to succeed, however, Mr. Enochs has discovered that many do not take the opportunities presented due to procrastination. He explains the way to learn your purpose in life is the point that desire and potential intersect. He stated, “When you get clear on your purpose decision making is easier, all the things that are most important to you become clear and you can become purposeful in your activity.”

The best way to achieve success is to follow seven factors each and every day of your life. These include:
Keep a winning outlook
Seek understanding and knowledge
Constantly execute with excellence
Utilize priority management
Seek liability
Accept team concept
Constantly develop self-discipline

Retail Sales Up

Retail sales rose 0.4 percent for the week that ended on September 25 as reported by the ICSC-Goldman Sachs index. This makes the year-over-year basis retailers saw an increase of 3.6 percent which is the best reading seen since the beginning of August.

According to the Standard & Poor’s/Case-Shiller 20-city housing price index the seasonally adjusted basis increased 0.6 percent in the month July after a 0.3 percent rise in June. On a year-over-year basis prices increased 3.2 percent when compared with July of 2009.

Consumer confidence index showed a decrease to 48.5 in September after a 53.2 in the month of August. This index was benchmarked at 100 in 1985. This year chosen as it was neither a peak nor a trough in consumer confidence.

The seasonally adjusted composite index of mortgage applications as reported by the Mortgage Bankers Association for the week that ended on September 24 decreased 0.8 percent while refinancing applications decreased 1.6 percent and purchase volume rose 2.4 percent.

The monthly composite index of manufacturing activity as reported by the Institute for Supply Management was 54.4 in September after reaching 56.3 in August. Economists had expected to see a reading of 54.5. Any reading above 50 signals expansion. This was the 14th straight month of expansion.

Total construction spending increased 0.4 percent to make it to $811.8 billion for the month of August after downwardly revised 1.4 percent decrease for the month of July. Economists had expected a drop of 0.4 percent for August.

As stated by the Commerce Department consumer spending increased $41.3 billion or 0.4 percent in the month of August, exactly what economists had believed. Personal income increased $59.3 billion or 0.5 percent for the same time period.

First claims for unemployment benefits decreased by 16,000 to 453,000 for the week that ended on September 25. Continuing claims for the week that ended on September 18 decreased by 83,000 to 4.45 million.

What to look forward to in the economic calendar

Get More Done in a Day

The best way to start your workday or even around the house is to start with the hardest and the most important project of the day. Do the project you want to put off first in the day instead of doing the easier tasks leaving the worst for last. This is the main theme of Brian Tracy’s book, “Eat That Frog: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time.”

In order to figure out which projects are low on the totem pole and which ones are the most important you need to create your own imaginary deadlines. Sit and consider if you had to finish all these projects in one day, which would come first. You never know you may get a telephone call from the school telling you one of your kids is ill and there goes that important task that you waited to finish doing less important tasks. Give each project a grade or scoring point with the most important at the top of the list.

View your day so you can divide, save, consolidate and schedule all the projects into the most important ones first. Divide up your day into blocks of time, create appointments for each project and then learn to still to your own work schedule and meet all your appointments. It is best to work on one project at a time unless you can blend them together into one project such as answering priority emails or washing the dishes. Example: after priority emails are finished, answer the rest of the emails to complete more than one task instead of finishing the other emails later in the day. With the dishes, add in cleaning out the frig or other projects that involve the kitchen into one project.

Learn to tell yourself no. Do not take on meaning projects that will take you away from the important projects. If you want to take on something new, remember you will have to stop or finish a project before going onto something new.

Make every project an urgent requests that must be completed by a specific time. Put deadlines on each project. Of course, if you are like everyone else, there is no way you can complete every project in one day, that is why must learn to put off low priority projects until tomorrow. You must learn the difference between important and can wait projects in order to succeed at finishing even project in a day.

Housing Market Index Unchanged

According to the National Association of Home Builders/Wells Fargo, housing market index nothing changed in September and the index stayed at 13. Any reading below 50 shows a negative response regarding the housing market.

Construction of new single-family homes and apartments increased 10.5 percent in August to a seasonally adjusted yearly rate of 598,000 units. This increase was due to an increase in construction of multi-family homes. New building permit applications, which are an indicator of future activity, increased 1.8 percent to a yearly rate of 569,000. 

Existing home sales increased in August by 7.6 percent to a seasonally adjusted yearly rate of 4.13 million units from an increased 3.84 million seen in the month of July. The inventory of homes unsold on the market decreased by 0.6 percent to 3.98 million which is an 11.6 month supply at the current sales price which is down from July at 12.5 month supply.

The index of leading economic indicators, which forecast economic activity in the next three to six months, increased 0.3 percent for the month of August after a 0.1 percent increase seen in the month of July.

Durable goods order which are items that are expected to last for three years or more decreased 1.3 percent in the month of August after showing an increase of 0.7 percent for the month of July. Ignoring volatile transportation related good a monthly increase of 2 percent was posted.

In August, new home sales did not change with a seasonally adjusted yearly rate of 288,000 units, which is the same as July. Economists had believed the number of units would be 290,000.

Beginning claims for unemployment benefits increased by 12,000 to 465,000 for the week that ended September 18. Continuing claims for unemployment benefits for the week that ended on September 11 decreased by 48,000 to 4.49 million.

Reports to watch for include on September 28 the housing price index and on October 1 construction spending.

Retail Sales Up In August

Retail sales increased 0.4 percent in August after seeing a revised rise in July of 0.3 percent. This was the highest gain seen since March while economists and believed that retail sales would only increase 0.3 percent in August.

Total business inventories increased one percent in the month of July after a revised rise of 0.5 percent in the month of June. Total business sales increased 0.7 percent in the month of July after decreasing 0.5 percent in the month of June and 1.2 percent in the month of May.

The Mortgage Bankers Association reported the seasonally adjusted composite index of mortgage applications for the week that ended on September 10 decreased 8.9 percent, while refinancing applications decreased 10.8 percent and purchase volume fell 0.4 percent.

At the nations mines, factories, and utilities industrial production increased 0.2 percent in the month of August after a revised 0.6 percent rise for the month of July. Capacity utilization increased to 74.7 percent in the month of August after a revised 74.6 percent for July. 

The producer price index that tracks wholesale price inflation increased 0.4 percent in the month of August after a 0.2 percent rise in July. Core prices not including fuel and food increased 0.1 percent after a 0.3 percent rise in the month of July. The seasonally adjusted wholesale prices for the year are up three percent.

The Reuters/University of Michigan consumer sentiment index for the month of September’s preliminary reading decreased to 66.6 from 68.9 seen in the month of August. This was the lowest reading seen since August of 2009.

Unemployment initial claims benefits decreased by 3,000 to 450,000 for the week that ended on September 11. Continuing claims for unemployment benefits for the week that ended September 4 decreased by 84,000 to 4.49 million.

Consumer prices increased a seasonally adjusted 0.3 percent in August staying the same as it was in July. The seasonally adjusted consumer prices for the year are up 1.2 percent.

Upcoming reports on the economic calendar include housing market index – September 20, housing starts – September 21, and existing home sales – September 23.