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Adding Years to Your Life

March 22, 2019 by  
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I have been writing this weekly blog now for many years and, as those of you who have followed my blog know, the main theme is me being a coach and a leader directing people to make their own fortune. And, of course, the key or formula to making millions is pretty straight forward, as you no doubt have seen in my writing and, hopefully, have implemented and gained big profits from over the years.

But you may have noticed that I wander off the financial theme from time to time. The issue of “great health” has filled many of my blogs. Maybe it’s just me, but the older I get and the more money I make, the more I can’t help but take a hard look at the health issues. They are so very critically important to all of us.

I mean, think about it … if you make a billion dollars, does that money keep you from kicking the bucket or having terrible health? Oh sure, you can go to the best doctors in the world with all your money but there is a lot more to good health than going to the doctor. So, yes, money is important but without good health money doesn’t mean near as much as when you have millions AND great health.

In my daily planner I have two pages with two lists of good advice and healthy habits that are frequent reminders to me to take the best roads to great health and longevity.  The first list, which I put together back in 2002, has the title “20 Ways to Add 20 Years to Your Life”. Now, I want to share that list with you, hoping that it becomes a good reminder to take great care of your health:

20 Ways to Add 20 Years to Your Life

  1. Eat salmon often, not beef, and take one gram of fish oil daily
  2. Eat unrefined whole wheat bread.
  3. Be wise don’t supersize. Replace protein with lots of fresh fruits, vegetables, and small salads.
  4. Exercise 3 to 5 days a week, even if it’s just taking long walks, but always remember that it’s food that’s the big factor for weight control vs exercise.
  5. Scientific studies have proven that mice that are fed a lot fewer calories than the control mice lived much, much longer and had healthier lives. It can and does have a similar effect on humans.
  6. Be happy. Smile a lot to other people and even to yourself in the mirror. That smile helps release the good brain chemicals of dopamine and serotonin.
  7. Get a good night sleep. Go to bed and get up at consistent times.
  8. Learn to love cauliflower, cabbage, broccoli, and other vegetables.
  9. Use olive oil instead of butter.
  10. Laugh, dammit. Laughter releases those good brain chemicals which helps you relax and even boosts your immunity.

Okay, I know I said that the title of the list that I have in my planner and I look at several times a week was “20 Ways to Add 20 Years to Your Life ” and I’ve only listed 10. Well, the other 10 will be covered in my next post, plus I’ve got another note on a few signs and habits to give you longevity.

Big Brain Boosts

March 15, 2019 by  
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One of my favorite things about the brain is how a new, unique, or novel situation – seeing something totally new or having a new experience – can pump your brain and your body up and suddenly make you feel fantastic. The brain seeks and loves novelty. Novelty really does do great things to our brains. This brain stimulus is what motivated me to travel the world, to see new countries and cities, and to meet new people in different cultures. Even when I’m a bit fearful to visit a rough, semi-dangerous and poor country, like some that I’ve visited in Africa and the Middle East, I push myself to follow the advice in Susan Jeffers’ great book Feel the Fear and Do It Anyway.

When I see and experience all the unique and novel neighborhoods, cities, countries and people in my travels, it gives my brain and life a huge boost. Even our short trip to the Indian Wells tennis tournament last week, watching guys like Roger Federer and Novak Djokovic, was a good brain booster, partly because we stayed in a new place, in a beautiful big house with friends, met and befriended new people, and drove through unfamiliar areas of the wonderful desert towns of Indian Wells and Palm Springs. Even the super oversized palm trees they have there (they are twice a tall as Hawaiian palms) turned my head and gave me a rush.

You don’t have to go out of the country, or even out of your city, to get a big brain boost from seeing and experiencing new and novel things. Just taking a walk or a drive through a totally new and different part of your city, or going to a big game or competition with new friends (maybe one that features a sport or some big event that you have never seen in person), can perk up your brain.

A big reason I go on so many hikes in the mountains is that I almost always see something novel. Even a totally super twisted tree, or an oversized or undersized deer or elk, will give my brain a rush. And, if I see a bear, yikes … my brain gets a rush but my adrenaline is instantly overloaded too. I don’t like that as much.

The bottom line is, don’t ever let up on seeking out new and different places, people, and experiences if you want to stay excited and turned on by life. Keep your brain and body excited and curious and you may not only live longer, but you will probably be healthier and certainly more fulfilled and content.

One more helpful hint – if you are not already signed up with a travel service like Kayak, Expedia, Hotwire, or Priceline, you should do that inasmuch as they send you many super deals on airlines and hotels. I’ve seen prices as low as $390 round trip to Paris from Salt Lake City and under $200 to Hawaii. Also look at sites like TripAdvisor or the experiences listed on Airbnb to find unique tours and guided experiences doing things and seeing stuff you might never have known existed. By the way, I have just scheduled a trip to Cuba this summer which will be country number 92 that I have visited!

The Shotgun Investment Strategy

March 8, 2019 by  
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In my opinion, and from my experience, the best type of asset that lends itself to forced improved value is good ol’ real estate, and specifically properties that need a face lift. These are beat up houses, duplexes, apartment buildings or what I have often refer to as dirt bag properties.

The key is to just do a face lift, not perform bone surgery, so you would need to find properties that are run down mainly on a cosmetic level. You really don’t want a property that needs to be fully rewired, have plumbing pulled, or the foundation replaced. I look for properties that haven’t been painted for 25 years or the front lawn is dead and the fence is falling apart. It may just need new carpet and window coverings to turn it around. Those kinds of properties can make you a fortune and can do so in a few short years.

I do want to add that when I was introduced to leverage, I was a stock broker. I began trying to use leverage with stocks and bonds, but I found out very quickly that the real problem was I really couldn’t fix up a stock and I didn’t have any control over the company whose stock I was buying or the stock market itself. I did, however, have some control over a little beat up house that I would buy, even though that is where the real work began.

Once you have found the dirt bag property, the next big chunk of work is actually doing the fix up to greatly improve its value and give you those big fat returns on your invested dollar. So how do you find those fixer uppers and exactly what kind of work does it take?

There are several ways this can be done. You could drive through the right neighborhoods that are a bit run down and in your price range, but that is the hard way to do it and it takes a ton of time. Since time is one of those things that none of us seems to have enough of, I recommend what I call the shotgun method. The concept of a shotgun is that when a hunter shoots at a bird the shotgun blasts hundreds of BBs that spread out as they speed toward the target. Most of those BBs miss the mark but it only takes one or two BBs to bring down the target. Likewise, my shotgun method of finding the right properties is very efficient and a real time saver and it only takes one or two hits to score your target.

All you do is use the internet to observe all the for-sale properties that even roughly fit your specs and then make low ball offers which would be around 20% to 25% lower than the asking price. You do this without even driving by the property. The real key here is to be sure you have a “subject to” clause in your offer, which basically says that this offer is good only if certain conditions are met. Those conditions can be acceptable financing or even something simple like “subject to my spouse or partners approval.”

So now when you shoot your shotgun at many dozens of properties each week or each month, you only get in your car and drive by and/or do an inspection after you get a counter offer or, sometimes, an actual acceptance on your super low-ball price! It does happen once in a while!

Using the shotgun method works if you make enough offers. Eventually, you’ll score a property and then the physical work begins. It’s not easy but it’s simple and, most importantly, increasing its value is within your control.

When You’re Not Brave

March 1, 2019 by  
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This week I want to continue on this big thing we all know and have experienced called fear. Let me start by asking, what do we know about these fears?

Well, first remember that fear is a natural emotion, one that must be understood, confronted, and controlled. So maybe when you have great fears for whatever reasons, this would be an appropriate time and place to “fake it till you make it”. Some people who know me are surprised to learn that I have been very fearful many times but have gone ahead and done the “fake it” thing.  Maybe we ought to whistle a happy tune and no one will suspect you and I are afraid. If we pretend to be brave, acting the way a brave person would act, the results can be amazing.

Consider the many times you have lain in bed thinking about some tough assignment, something that you are slightly or very fearful of doing. If you’ve never done it before, quite naturally you are reluctant and anxious. For example, if you are giving a speech for the first time to some very important people, or asking a banker for a huge loan, or presenting an offer to buy a particular property for a ridiculously low price. Or it may be visiting a new state, city, or country, or being a master of ceremonies. If you are normal you become very fearful with these new situations.

Whatever you have to do on that particular day as you lie in bed, if you have a few fears of doing it, they will only intensify the longer you lie there and think about it. What will overcome those frightening thoughts and imaginings is action. Even if it is incorrect action, get up, get going, and get the blood running and the brain thinking. Take a shower, get on the phone, write a few text messages and emails, go see people, or set up a lunch appointment. Make things happen!

Action overcomes fear because most fears are in your mind and action lets the physical part of you dominate for a while. The physical side of you needs to dominate because the mental side of you, in many cases, has become too introspective and too analytical. We tend to analyze so many things to death. We have all heard of “analysis paralysis,” which is more than two cute rhyming words.

Sometimes we think too much. In today’s educated, deep thinking and analyzing world, it sure seems that we have a lot more planners and thinkers and analyzers than we do action people. Obviously, we do need some kind of plan, but the greatest plan in the world is worthless without action. I would much rather have a mediocre plan and some real action people to carry it out than the most phenomenal plan in the world with a bunch of inactive and do-nothing people.

Action really is the critical key to huge success and accomplishment. I have never met a person in my life who has total confidence in themselves and doesn’t experience fear from time to time. There is not one of us human beings on this planet who won’t have some serious questions about their own ability to succeed in every new venture they start. We all need to remember that and as the great title of Susan Jeffers book says, “Feel the Fear and Do It Anyway”!

The Fear Factor

February 22, 2019 by  
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Sometimes I re-read my own words from my journals and books that I have written, and it inevitably surprises me how my own words can reinvigorate, inspire and motivate me. And now that I’m almost 75, I suddenly realized how much this thing called “the fear factor” was holding me back on some of my projects, big dreams, and desires.

Quoting a few highlights from my own book, The Courage to Be Rich (I hope that’s not plagiarizing–ho ho):

ACTION GETS THINGS DONE. When we are fearful of something, if we push ourselves to take action, many times that will totally overcome our fear and a big plus is that we get stuff done and isn’t that pretty much the whole ball game or at least a lot of the game. Without action you could be the greatest financial thinker, have the highest IQ, and end up with very little money or even broke. When we are fearful, we really need to give ourselves a big push, even if we stumble and blunder a bit.

FEAR OF STARTING. Getting started is really the most frightening and the hardest part of virtually any task. But even if you do something wrong, at least “do something”. I am not saying take risks larger than you can afford. We all should take risks gradually, whether they are financial risks, social risks, or any other kind of risk.

Some time ago, I was on a flight and as we began our final approach (I wish they wouldn’t call it “final approach”) and as the plane was descending, I noticed the lady next to me was very nervous and somewhat freaking out. Thinking that if I diverted her attention by talking to her, that might calm her down and it did until the pilot let the flaps down and the plane lurched and bounced a bit. I quickly explained to her what the pilot had just done and that gave her a bit of relief. I then suddenly realized that I was in the same plane, in the exact same situation, but my heart rate and blood pressure were normal, unlike my seat mate.

CHRONIC FEAR IS YOUR REAL ENEMY. I knew the damage fear could do because it had done damage to me in the past. I finally realized that I was letting fear dominate my thoughts. I decided to do something about it. Since I travel a great deal, giving seminars or negotiating real estate deals and since being relaxed and rested at the end of a flight is important to my performance, it was very important not to waste so much energy wrestling with fear.

It didn’t take much thinking after that to figure out that the fear factor entered into many of my decisions that had far greater implications than did flying. Why should I let myself be fearful of flying or anything else? After all, does that fear change the outcome of the flight or my financial conditions? People who are the real doers and the super successful people in life face frightening situations almost every day, but they don’t let those confrontations with fear scare them to death or slow down their progress or stop their actions.

I want to write more about the “fear factor” in my next blog, but for now I will end this blog by listing some very common fears.

  1. Giving a speech to a large audience.
  2. Fear of making a fool of yourself.
  3. Fear of losing all your money–or at least a big part of what you have.
  4. Fear of losing your friends.
  5. Fear of losing the love and respect of someone you love.
  6. Fear of criticism.

There are certainly a lot more fears than this short list. Take a look at yourself and analyze your own fears and ask yourself the question as to whether those fears help your situation in the long run or even in the short run.

P.S.  I read that if you take a commercial flight, at random, every day for the rest of your life it would be about 20,000 years before you got on a plane that crashed–so obviously the fear of flying on a commercial plane in totally not rational!

 

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