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Be One of the Smart Ones

November 10, 2019 by  
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So, in last week’s post I told you a bit about the lady in Paris that suddenly found out one of the paintings in her house, one that she thought was just an average painting (the one you see above), was extremely valuable and it went on to sell for $26 million dollars!  Wow, what a shock that must have been for her! But have you read that many people who all of a sudden win the lottery or suddenly come into a huge fortune blow the money in short order or are scammed out of it? The problem is that most of the time, people who haven’t earned the money over time are clueless and just don’t know how to handle it. Most of these people start spending it like crazy and or they are taken to the cleaners by scam artist.

Compare that overnight super-rich person to a person who has worked for years and saved every extra dollar they could. The smart ones don’t go out and buy a brand-new car that will immediately drop in value. The smart ones buy a used car and put whatever extra money they have into savings. Then they slowly build up enough money to buy an asset that goes up in value and, if they’re really smart, when they sell that asset at a profit, they reinvest that profit in another appreciating asset. Over the years, those small savings and investments can grow into a fortune.  And if you have made your money that way, then you most likely won’t be like those who suddenly came into big money and spent it all or got scammed out of it.

It will be very interesting to try to follow the Paris lady and see if she goes crazy with her money, following the typical lottery winners. Please, Paris lady, be cautious and wise with that $26 million. Don’t put your money with someone else who makes promises of huge returns.

Years ago, I met a guy who told me that he could give me a 10% return, per month, on my money, guaranteed! Remember the old saying, “If it sounds too good to be true, it probably is.” I had a friend who had invested about $300,000 dollars with this guy who said it was going to get a great return and guaranteed it. I was pretty darn sure it would not be even close to that. And yes, my friend lost his entire investment, and the bad guy in now serving time in prison. Not that him being in prison gives my friend any of his money back.

So, I sure hope you see the huge benefit of saving all the dollars you can and investing them wisely. Do the research carefully. It’s my advice and experience that you should invest your savings in income producing real estate. It almost always goes up in value and even if the appreciation is very slow, if you have purchased wisely, you will have tenants paying off the mortgage. That’s what the smart ones do!

 

Our Changes in Fortune

November 3, 2019 by  
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Wow and double wow! I never expected the huge and heartfelt response I received after my closing comment on my last week’s blog, asking people to send their best wishes and love to little 2-year-old Kate who had just been diagnosed with leukemia. So, at minimum I want to take time right now to give a HUGE THANKS to all you beautiful, wonderful people who cared enough to take time to send your heartfelt wishes to little Kate and her family. That means so much to me, her parents, the rest of the family, and to little Kate and her twin sister Ellie. I’m thinking that Kate and her twin sister could feel the love and the caring that was sent to them. I sure could!

We all know that life has its big bumps, surprises, and setbacks. And, yes, it also has many wonderful, fun, exciting, and pleasurable moments as well. It behooves all of us to constantly remember to live in the great “right now” moment. I’ve written a lot about this previously and most people know they should try to live more in the “now moments” and not spend too much time worrying about the future or beating themselves up for the past mistakes and or bad decisions. But, if you are like me, you have to keep reminding yourself to think more in the “now”. That kind of thinking can be very critical for our mental and emotional health and our great enjoyment of life. Meditation can help with this. Meditation works because, if you do it right, you truly are living in the moment!

Knowing all this and preaching it to others, I still wake up worrying about what I need to get done in the immediate or not too distant future as well as fretting a bit over what I missed out on doing yesterday. I have noticed, however, if I take time to write down my next day’s plans and actions the night before I go to sleep, I usually wake up much more likely to just get out of bed and get going on my to do list. My mind seems to be so much clearer and my thoughts are much more positive in the “now moment”.  Of course, we all need to think about the future and make plans, much of which is very fun and exciting like when planning a trip to Disneyland with the kids, or a vacation to Europe, etc. It’s the same with the past – we enjoy taking time (but not too often) to relive our great experiences and the really memorable moments in our life.

Talking about great moments in time… did you read about the older lady in Paris that recently discovered that one of the paintings she had hanging on her walls — one that she wasn’t even particularly wild about — was very, very rare? She sold it for a shocking $26 million dollars. I sure hope she’s not like so many jackpot and lottery winners that have never had a ton of money. So many of them have lost everything years later, making the news again because, not knowing how to handle tons of money, they spent it all and/or were scammed out of it. Whether fortune smiles on us or we have a ton of bad luck thrown at us, we need to learn how to handle our changes in fortune. I want to talk a bit next week about the smarter ways to handle money when good fortune comes your way.

 

Sudden and Shocking

October 27, 2019 by  
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A few days ago, it was an absolutely shocking day for the Haroldsen and Whitcamp family.  All seemed to be going well with all my kids and grandkids. Everyone was happy and healthy but then I got a phone call from my son Marcus. “Dad, I have something very terrible I have to tell you,” he said and then he began trying to get the words out but emotion and tears were obviously getting in the way. Finally, he was able to tell me that one of his 2-year-old identical twins, Kate, was in the hospital and has been diagnosed with leukemia. I was stunned and speechless. Little Kate and her twin Ellie are very sweet, darling, and cuddly, and I couldn’t, in my wildest imagination, expect such a terrible thing happening to such a beautiful, innocent little girl. As I write this blog, she is undergoing chemotherapy, having bone marrow taken out of her little tiny bones for examination, and who knows what else is happening and the pain inside her little brain.

It’s so easy to think that your life is going to be what you planned on it being and, of course, much of it can be if you set goals, work at reaching those goals, and take care of yourself. But life can, and often does, toss us some tough curve balls and that can come on suddenly. Very quick changes and quick turns will hit most of us at some point in our lives.

Anyone who thinks that they have, or will have, a perfect life, and think it will always be that way, is totally deceiving themselves. No one on this planet has a perfect life. Oh yes, you can have a pretty darn good and comfortable life, but you never know what huge shock any one day can bring to you and your loved ones. At minimum, no one gets out of this life alive!

Not that all death is a tragedy. If you live to be 90 or 100 and then slip away, it’s sad for all those people that loved you but not a shocking tragedy like it is for a young person. I know a little bit about this having lost a 16-year-old daughter as well as having my dad pass away at 84. Everyone knows that when a person is 84, 90, or 100, life is about over, but we should also know that we can live on through our kids and grandkids and maybe even in another life.

The good news is that little darling Kate is doing well and the prognosis for curing her cancer of the blood is very good. It’s going to take years though–two years of chemotherapy, plus years more of tough stuff including procedures and tests. It’s going to be tough on her and her siblings as well as her parents and, yes, all of the extended family and many, many friends.

Let’s all send best wishes, good karma and great love to beautiful little Kate and her family.

Compound Gratitude

October 20, 2019 by  
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Receiving thanks and appreciation from people you have helped can be such a huge reward and is such a great feeling!  Last week I wrote about super successful Scott Keller who was donating 10 million dollars to a University. Scott has thanked me over the years for sharing some of what I’ve learned about financial formulas, motivation and inspiration.

When I was writing my blog about the great feeling of helping others, it brought quickly to my mind and heart the many, many times I’ve received some huge “thank you’s” and credit from Craig D. Horton of Medford, Oregon. It started many years ago, shortly after I wrote my first book and has continued over the years. So, I sent an email to Craig after thinking about him and his generous and great appreciation for the help I gave him as he pursued his fortune. Here are some of the words he wrote back to me.

“Thanks Mark for this continuous journey of excellence as well as persistence. Your mentorship to myself and my wife Jane means a lot personally to our family.” He went on to say, “In my early investing days, I was partners with someone who subscribed to ‘The Financial Freedom Report’, which was an investor magazine for real estate people that Mark O. Haroldsen published … I read each monthly issue and devoured the content, especially the Subscriber Success Story. I subsequently read the following Mark O. Haroldsen books: How to Wake Up the Financial Genius Inside You; Goals, Guts, and Greatness; The Best Real Estate Deal I Ever Did. All are excellent books that every real estate investor should read.”

Wow, those words of thanks to me were worth more than money!  After reading that, I realized that I needed to send him my latest book, How to Ignite Your Passion for Living too!

He went on to say, “The major influence on my life of the written work and seminar experiences from Mark O. Haroldsen has been the concept of compound persistence. That principle simply says if you think long term with good goals, good support, and a good plan you will succeed as long as you always stay persistent. This has been my experience from the teachings of Mark and his team in over 40 plus years of investing. I have seen this principle also work with other investors as well.”

He and his wife Jane own a property management company, Medford Better Housing Association. Craig also told me how many rental houses he owns as well as a nice size apartment building. And then he closes the email with, “Your ‘Financial Freedom Report’, Compound Persistence Principle Guy … Craig D. Horton.”

I’ll close this blog by saying this: THANK YOU, THANK YOU, AND DOUBLE THANKS, TO YOU CRAIG D. HORTON FOR LIFTING MY SPIRITS, MY BRAIN, AND MY LIFE!

The Thank You High

October 13, 2019 by  
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It never ceases to amaze me the super, wonderful, and fulfilling feeling I get from helping others. I’m sure you know what I’m talking about and, no doubt, you have received that great brain stimulation and wonderful high when someone gives you sincere thanks and compliments for helping them. I also get lots of little kicks every time I give kids a lucky – as I call them – $2 dollar bill. When their little faces light up, you’d think I gave them a thousand-dollar bill. Most of the time the parents don’t even need to tell them to give thanks to the old guy that gave them the $2 dollar bill.

A few days ago, I was shocked to read that Utah’s Scott and Karen Keller had donated 10 million dollars to Utah Valley University for a new business building which will be named after Scott Keller. I was super impressed because I knew Scott years ago and coached him on financial matters. And here is the Big Brain Booster (let’s call it the BBB) – he has always given me tons of credit for his huge financial success.

Here’s what he wrote me in an email: “Mark, I was able to make this contribution [due to] the things you helped [me with] to launch my career. Thank you very much again, and again, and again” I immediately thanked him for giving me so much credit and he wrote right back saying, “Dear Mark, I make no apology for those that have helped or inspired me along the way. I always want to give credit where credit is due. It’s the team, the ‘we’ NOT the ‘I’.” Then that clever little guy Scott made me laugh when he added, “Now hang on cowboy, just don’t be asking for a cut. 🙂 Thank you very much.   All the Best, Scott C. Keller.

Like I said, to me there’s nothing like the great satisfaction of helping others and their great gratitude and feedback gives me a high that is so much greater than money. Hey, I’m not saying that making tons of money isn’t satisfying but the thanks and sincere appreciation are so wonderful and last forever.

Ok, I know it’s kind of selfish, giving and helping others since we get such great feelings and satisfaction from it, but hey, isn’t that kind of a good selfishness?  I have received so much positive feedback and thanks-you’s I just want to give more and more.

There is a great guy from Oregon who has sent me many, many thanks over the years as well. I must tell you a bit more about good ole Craig D. Horton in my next post.

 

Turning Bad Habits Around

October 6, 2019 by  
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Last week I wrote about the great power of setting big goals and how they stimulate and motivate the brain and the body to go after your big dreams. In his great book, The Power of Habit, Charles Duhigg talks about how important it is to set big goals and little steps for those goals so as to help you form habits that greatly increase your chances of success. Our habits are so critically important to what we do with our lives and how we end up. Yes, there are lots of good habits and lots of bad habits. The good news is that those bad habits that drag us down and might destroy our lives can be changed, even though it does take work and special plans.

One of the keys to breaking bad habits is what he refers to as the “small win”. As he says, “Small wins are exactly what they sound like, and are part of how keystone habits create widespread changes. A huge body of research has shown that small wins have enormous power, an influence disproportionate to the accomplishment of the victories themselves.”

“Small wins are a steady application of a small advantage,” one Cornell professor wrote in 1984. “Once a small win has been accomplished, forces are set in motion that favor another small win. Small wins fuel transformative changes by leveraging time advantages into pattern that convince people that bigger achievements are within reach.”

Hmm. I’d call that the formation of a habit, and that is a very good thing. Okay, but how then do we change a bad habit?

Charles Duhigg gives very good and well tested advice to change a habit. For example, keep an index card or journal and make note of the impulses. If, after a few days, you see a lot of notes, take time to come up with an alternative habit or routine to use every time you feel those negative impulses.

The author has told patients that if, for example, they eat too much and their eating impulse wins most of the time, they should substitute a new desired habit like taking a 3- or 5-minute walk or spending a few minutes on the internet. He talks about one patient that had a life-long habit of biting her fingernails. They came up with a new habit which was to have her simply sit on her hands till the urge left. More than three dozen of his students who were smokers overcame that habit by choosing a new routine or habit every time they had the urge to smoke, like chewing a piece of Nicorette, or doing a quick series of push-ups, or simply taking a few minutes to stretch and relax.

He goes on to say, “It seems ridiculously simple, but once you’re aware of how your habit works, once you recognize the cues and rewards, you’re halfway to changing it … Today, habit reversal therapy is used to treat verbal and physical tics, depression, smoking, gambling problems, anxiety, bedwetting, procrastination, obsessive-compulsive disorders, and other behavioral problems.”

So, come up with a new habit to replace an old and unwanted habit – it really works!

 

Should We Really Set Huge Goals?

September 29, 2019 by  
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Is there any great advantage of setting very BIG goals?

Well, yes, there really is a good reason to set very big goals, as long as they are realistic. Setting huge goals excites the mind and actually can stimulate the brain enough to create extra energy. But if you do set big, big goals be sure to break them down into smaller steps and be sure to WRITE down both the big goals and the smaller steps with time frames for each.

While working on this blog, I saw that Holly Richardson, a regular contributor to our daily newspaper The Salt Lake Tribune, happened to put out a very interesting and helpful article on goal setting entitled, “Autumn is the perfect time to set new goals”. In it she writes “We’ve all heard the stats: The average New Year resolution setter makes it about mid-way through January before they’ve given up on the ‘resolutions.’ Maybe the reason is those resolutions are the ones people feel they ‘should’ make, not the ones they really want to make.”

Vancouver based educator Mehrnaz Bassiri, drawing on the work of organizational theorist Carl Weick during her, “To Achieve Success, Start Detecting Your Small Wins” TEDx talk, explained that, “Small wins have a transformational power. Once a small win has been accomplished, forces are set in motion to favor another small win and another small win until the combination of these small wins lead to larger and greater accomplishments.”

Small wins really do add up and keep you motivated and excited about those big, huge goals. That has certainly worked for me.  I vividly remember when I was 27 years old setting, what was a huge goal for me at the time, to have a net worth of one million dollars by the time I was 30 years old. Believe me, a million bucks back then was a ton of money especially since I was only making about $30,000 a year. That huge goal gave me so much energy. It kept me excited and working hard.

I was one year late in hitting that goal, but it inspired me and motivated me to set some much bigger multi-million dollar goals which I was very fortunate to accomplish as well. And yes, I did set lots of little time driven goals along the way to each big goal, writing them down complete with dates to have them accomplished. Plus, as I hit those numbers, I made a record of my successes in my personal journal.

Holly Richardson gives one more bit of very good advice: “Pick one or two people to share these goals with and who will cheer you along the way and get going!”

Next week I want to share with you some very good stuff I’m reading and learning from. I am reading a super great book by Charles Duhigg called The Power of HABIT. You’re going to really like the wonderful advice that can change and lift your life to a much higher level.

Stay Excited About Your Goals

September 22, 2019 by  
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I would guess that you remember that great theatrical adaptation of Cervantes’ Don Quixote and that great song “The Impossible Dream”. I think there is great wisdom in the words of that song that has so much to do with goal setting. I think these words are so very important for super success with really big goals. Read the words to this great song and think about its great message:

To dream the impossible dream,

To fight the unbeatable foe,

To bear with unbearable sorrow,

To run where the brave dare not go,

To right the unrightable wrong,

To love pure and chaste from afar,

To try, when your arms are too weary,

To reach the unreachable star–

 

This is my quest, to follow that star,

No matter how hopeless, no matter how far,

To fight for the right, without question or pause,

To be willing to march into hell for a heavenly cause!

And I know, if I’ll only be true to this glorious quest,

That my heart will lie peaceful and calm when I’m laid to rest!

 

And the world will be better for this,

That one man, scorned and covered with scars,

Still strove, with his last ounce of courage,

To reach the unreachable star!

 

When Don Quixote set out on his quest, he was an old man but he pursued his goal with the energy of a man less than half his age. What kept him going? How was he able to stay so excited about his goal? One thing that made a big difference was his commitment to the goal. He believed with all his heart that he was seeking to do the right thing.

Do you believe in your goals?

Do you really feel that they are the best ones for you?

Do those goals represent what you really want in life?

If you answered no to any of those questions, I’d say you probably should be in search of new goals. Without a strong and positive belief that we are seeking what is best, we simply won’t have the power we need to bring our goals to completion. We won’t have the energy that will take us through every action that is necessary to take us step by step to the goal.

We can learn from Don Quixote. Select goals that you can believe in then work tirelessly to bring them about. Plus, I do strongly believe that if you set very, very big goals, goals that really super charge your brain, then that will give your body and mind more energy to keep pushing yourself until you have achieved that big goal. But we all must make sure that those huge goals are realistic.

Next week I want to talk more about these BIG HUGE GOALS and just how you can make them a reality.

 

Novelty and Innovation

September 15, 2019 by  
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I am always so impressed, when I travel to new places, by how it stimulates my brain, especially when those new places are a new country.  Right now, we are in Macedonia and, wow, what a great and different country this is! Tomorrow we are off to Kosovo. That will make 94 countries that I have visited. That’s quite a lot but I don’t think I will make it to all 200 plus countries on earth before I check out of this life, but I will sure enjoy seeing as many new places as I can before my body assumes room temperature.

Seeing new places can produce some very big and new ideas for things like inventions, innovations, etc. As I visit and totally enjoy these new places and people, it makes me more fully realize how virtually all people, regardless of their ethnicity, skin color, and education level, are pretty much the same as far as the majority being friendly, nice, and good! And in every country, there are really creative and innovative people as well. That got me to thinking about how many times people create something by just putting two different things together to come up with a new product or invention.

For example, it wasn’t that many years ago when people hand carried their heavy suitcases as they traveled.  I thought of this as my wife and I packed 3 huge suitcases plus two drag bags for our trip to Europe. Someone not so long ago put two simple things together to create a great and super helpful new invention – just a few wheels attached to the bottom of a suitcase. Wow, that was so simple! Why didn’t you or I come up with that simple invention that has been so great and helpful to all of us globetrotting humans.

If we set our minds to coming up with new products from two or more existing products, we could make a fortune. Take a simple product like a peddle bicycle and attach a battery and, wham, bang, you have come up with a brand-new and popular product. Then the next could have been putting that battery on a scooter and you might have come up with another form of powered transportation such as Lyme and the other brands.

I’ll never forget many years ago thinking what a waste it was to have all those cars parked for days at the airport while people were arriving and renting cars. It made me think of how maybe I could set up a program where you could rent out your car when you left for a trip and then you could rent someone’s car at the airport of your destination. I knew there would be a lot of issues as to insurance and possible damage or theft and putting it together would not be very simple. Then along came UBER and LYFT a few years later, which, although a traveler’s car isn’t in use while they are away, other people’s cars are not just sitting in their driveways but are out helping traveler’s get around and usually for quite a bit less than a Taxi.

Those car services are simple but great innovations that help so many and it just took putting together existing things to make something new and super useful. These things aren’t likely to come about unless your brain is stimulated and exposed to new things. If you keep your mind active and curious with novel things and keep searching for ideas, you could come up with the next simple and super useful innovation!

Feeling the Great Right Now

September 8, 2019 by  
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I do totally agree with Ernie J. Zelinski’s, author of the book, The Joy of Not Working, when he says, “Being in the now is crucial for living happily, because the present moment is all that you really have.”

Zelinski goes on to say, “The more we are focused on the past or the future the more we miss the now. Sadly, we miss most of the precious moments because we are so preoccupied with the past and the future.” I totally agree!

Yes, of course, it’s necessary for us to spend some time thinking about the future. We do that when we start setting goals for our life, the week, the next day or even the next hour. But once we have taken time to set goals, we need to focus on the ”Great Right Now Moment”. That’s why it’s important to write down our goals. That way we will find it much easier to focus on the now moment and enhance our lives.

Zelinski also poses this question: “Have you ever been possessed by a huge rush of energy that it carried you away from your normal concerns into a state of indescribable bliss? If you have, you were mastering the moment, and undoubtedly you experienced many feelings that you don’t normally experience in everyday life.”  He quotes Howard and Diane Tinsley, professors of psychology, who concluded that individuals’ experience leisure activities to the fullest and feel the following:

  • A feeling of freedom
  • Total absorption in the activity at hand
  • Lack of focus on self
  • Enhanced perception of objects and events
  • Little awareness of the passage of time
  • Increased sensitivity to body sensations
  • Increased sensitivity to emotions

To me, that’s a ton of reward and so very life enhancing. We should all think about and do that more often.  How about you? Will you give that a shot? I’m sure going to work on that more myself!

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