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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.

 

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