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Smart as a Turtle

May 12, 2017 by  
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Good ole sex therapist Dr. Ruth is still at it at age 88 … Wow! Her latest advice is a good one too. I just heard her on the radio talking about how important it is to take some risks if you want to have a better more fulfilling and financially more profitable life.

Dr. Ruth collects little turtle figurines and presently has 40 of them. Why? Because these turtles hold a great meaning for her and her life. Namely, as she says, “If a turtle wants to move, it has to take risks. It has to stick it’s neck out. It could get hurt. But if it does not stick it’s neck out, it doesn’t move.”

She goes on to say that the turtle is like herself, saying that she too sticks her neck out and takes risks; risks that put her on top in the broadcasting world. She is also probably the most famous sex therapist in the country. Not bad for a lady that is an orphan survivor of the holocaust.

The last couple weeks I’ve talked a lot about fears that we all have and ways to face those fears and overcome some of them. We all need to heed the advice captured in the title of Susan Jeffers’ book Feel the Fear and Do It Anyway. That title can and should apply to so many parts of our lives. It could be investing some of our money into a run-down property that we can see could be worth so much more when fixed up. Or perhaps it’s changing jobs or our profession and getting into something totally new, knowing it could be a much better position or career, one that fits our talents and our passion in life. Or maybe you want to write a book or start giving public speeches but your great fears kick in and stop you in your tracks.

If so, you are just like that turtle that doesn’t stick it’s neck out and therefore doesn’t move. In the case of the turtle, that lack of movement could even be a death sentence and for us humans who want to lead a wonderful and more fulfilling life it probably will kill that kind life or at least do some major damage.

So, I think all of us need to remember and take to heart that advice from Dr. Ruth’s turtle. We should stick our neck out when we want to move ahead and take some risks. Even when we feel the fear, let’s do it anyway!

The Deadline Motivator

March 10, 2017 by  
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Have you ever noticed how you tend to get very organized and efficient, getting tons of stuff done, when you are preparing to go on a trip? It doesn’t matter if it’s a vacation or a business trip—just any kind of travel with a set time to leave will get you moving. Why does this happen? Because if we are going to catch a plane or train or we have an appointment that absolutely must be kept, then that deadline will drive us and focus us. This teaches us that deadlines can be a very good thing. They push us to be more organized and efficient and get so much more done than we probably even thought we could.

That thought hit me pretty hard the other day as I was hurrying around getting so much done since we were flying out of Kauai on our way back to our Salt Lake City home. Good ole Delta Airlines set a 10 p.m. deadline for me the next day and I had to get a whole list of things done so we could get out on time and not miss our flight. I feel the pressure of this deadline even though I do have a special deal with Delta which is if I am not there on time they can leave without me! Oh, I know you probably have the same deal, ho ho! So, wow, was I ever getting a ton of things done and, for all the pressure that it caused, it also made me feel very good about myself and my life because I was really pushing myself.

I have always thought that setting deadlines is a very good thing since they push us humans to be more productive. Deadlines can and should be used in many parts of our lives. I sure have found that my setting deadlines for certain financial goals was a huge key to my wealth building.

I have found that setting deadlines for health also has been very helpful. If we decide to do a fast or start a workout program and do not set a day and time deadline to accomplish them, there is a very good chance that we will not get very far with those goals.

I guess if you and I lived forever, or even for 500 years, deadlines would not be important or at least not very important. But I did hear a rumor that everyone of us is going to die, so hey, if you want to be more productive, more successful, and live a full life, you better get started now. Set some goals and attach good solid deadlines to get them done. Maybe pretend that you are going to Europe and just cannot miss your flight! And yes, of course, you must write those goals and deadlines down and review and revisit the promises that you made to yourself and stay on target! Because you don’t want to miss your deadline!

 

 

Great Health Can Help You to Great Wealth 

March 3, 2017 by  
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Let me throw out a big challenge to all my readers for this great year of 2017:

LET’S ALL MAKE 2017 THE HEALTHIEST AND MOST FULFILLING YEAR OF OUR LIVES AND BUILD SOME MORE WEALTH ALONG THE WAY!

Ok, just how are we going to do that? Is there an easy way or at least is there a simple way? There are some simple ways but, of course, it does take work. Last week I wrote and preached about the importance of staying busy, which keeps boredom at bay. However, keeping busy can also greatly improve your health and great health can, and does, make it easier to create more wealth.

So now if you and I want much better health, what are some of these simple ways we can get that job done?

As I’ve said many times before, one simple key is to keep moving! And, of course, the other obvious key is eating a very healthy diet. Of course, that sounds simple but we all know the temptations of good tasting food that is very bad for us. I find it very interesting to look and study the numbers of calories that we burn because to burn a lot of calories naturally helps keep our weight where it should be for good health. Movement obviously is better for the body and burns more calories than sitting or lying still, but even just standing burns more calories than sitting.

My very thin wife Kimberly figured this out long ago and I swear I rarely see her sitting–she always stands to work on her computer or to write a letter. Whatever she is doing, she is always vertical and on the move. More and more business people, including my sons, use stand up desks for all their office work every day. And, of course, walking versus sitting is even better for your calorie burning and overall health. Yes, jogging and running is even better but running has been shown to be better if you do it in moderation–so don’t run a marathon every day or every other day. That’s not good.

As I’ve said before, these are the reason that I love my Fitbit. It pushes me to compete with myself and walk and move more and more every day. Last week I did 155,000 steps! Ok, sorry … I’m bragging now. Here are some of the numbers for a 175-pound man. Calories burned totals listed are for 5 days at 8 hours a day.·

  • Sitting 5250 or 131 per hour·
  • Standing 7000 or 175 per hour (So you see why at work it’s a great idea to stand while working.)·
  • Walking 507 per hour·
  • Fast Walking 630 per hour·
  • Jogging 1225 per hour

The above numbers convinced me long ago to walk 3 to 4 hours a day which gives me around 20,000 steps a day. This has given me more energy and great health which in turn has helped me build more wealth along with keeping off the weight!

Although I’ve talked mostly about burning calories by moving and how that can help your health, never forget, when it comes to weight control, activity for calorie burning is important but it is not near as powerful as controlling how many calories go in the mouth.

Now how can great health lead to great wealth?

I think it is obvious, or at least for me it has been. Bottom line is that if you are not healthy and not feeling well, you most likely will not have the mental or physical energy and drive to work on building wealth for yourself. Virtually all my wealthy friends are very healthy, gaining energy and drive from their health, and have been that way most of their lives.

So, let’s all work hard and consistently build better health for ourselves. From that, we can gain more energy and drive to build our wealth to help ourselves and those around us.

On the Way to 100

January 13, 2017 by  
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It’s early January 2017 and I’m sitting on beautiful Shipwreck Beach in Kauai.  It’s the perfect temperature with a slight breeze and as I’m writing I’m also listening and watching kids, grand kids and adults laughing, playing and having an absolute blast!  To be in a place like this doesn’t take tons of money but it certainly helps, especially if you live a thousand or two thousand miles away from a warm beach.

I’ve talked quite a bit about new year’s resolutions and goals in the last few weeks, especially talking about that big financial goal or resolution you need to set for you self for 2017.  I must say, that no matter how important financial goals are, setting goals and resolutions for your health is just as important, or I should say much more important!  Look at the billions of dollars that Steve Jobs had, but all that money couldn’t buy his health or save him from the grim reaper.

I’m surely not saying that money can’t ever help your health. It really can by providing better doctors, hospitals, and the latest and greatest hi-tech procedures and medicine, but what you and I choose to do, day by day, can greatly increase our odds of having good health. We could even live to be 100 years old and arrive there in pretty good shape.

A  article from August of 2015, titled “100 Wonderful Ways to Live to 100”, quotes a book called The Longevity Project written by Howard S. Friedman and Leslie R. Martin.  In the article, it is explained that the authors’ research showed that “being conscientious was one of the best predictors of longevity. That’s because people who are conscientious may be more likely to abide by healthful behaviors, may be less prone to disease, and may find more success in relationships and in the workplace.”

In addition to that observation, I would like to share with you a few of the other article’s 100 ways to live to 100. Then maybe next week I’ll share a few more of the 100 wonderful ways and my thoughts on those. I should also add that almost all the 100 ways are backed up by good solid research. Here are a few easy one to keep in mind:

  • Don’t dread getting older…adults who developed positive attitudes about getting older live more than 7 years longer than those who had negative attitudes.
  • Find a life purpose.
  • Walk a lot.
  • Go meatless.
  • Try to keep your marriage friction-free.
  • Get your Mediterranean diet on.
  • Stop smoking.
  • Drink alcohol (but only in moderation).
  • Cut the sugar.
  • Drink your coffee-but only in moderation.
  • Join the 1 percent.

beach 1Yep, rich people live longer. It’s been proven in many studies!

Oops! I’ve got to stop for a few moments while I watch crazy, young, testosterone filled guys jump off the more than 100-foot-tall cliffs into the water. My son-in-law just did it and survived and went back and did it again. Ugh. It’s very scary.  Maybe I should add to the list of my rules for longevity and health not to take huge risks, like jumping off a cliff or out of a perfectly good airplane, even if I have 2 parachutes!

Ok, that’s all for this week. There will be a few more next week. In the meantime, let’s all go to work on these and set some hard and fast new year’s resolutions for our health and longevity.

 

Habits in Saving and Investing for the Future

January 6, 2017 by  
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For the average person, the key to wealth is summed up in that simple little thing called ‘savings’. Saving can also be the key to peace of mind such as in that old phrase “Saving for a rainy day,” which means setting money aside in case of an emergency. Saving up money is just a very smart thing to do and the new year is a great time to really get serious about that and your financial life.

Your financial future begins and depends on the idea of savings. Even those with small incomes that are living hand to mouth, thinking “we are just barely breaking even,” will need to save. Yes, it can be tough to save a little money from each pay check but with good planning, some self-discipline, and giving up on things that you thought you couldn’t live without, setting a little money aside is very possible. Yes, you may have to come up with a very tight budget and forego eating out at your favorite cafe and not buy that shirt or dress that you want so badly, but the rewards are so very worth it. In the long run, a little savings can amass a very large net worth and even a fortune, plus a good deal of peace of mind.

But saving money is just part of the big picture. As you are building up your financial nest egg it’s a good idea to keep your eyes open for real estate deals that look to have great potential, even when know your savings is not near enough yet for a down payment. And yes, I am talking about and recommending those fixer uppers and dirt bag houses or apartments that need work but whose value can be greatly increased. Keeping your eye out for those bargains is a great habit to get into. You can even make offers when you don’t have the down payment.

But why, you may ask, would you do that when you don’t have the down payment? Well, first of all, it’s a great way to work on your offer writing and negotiating skills and, second, if you really do find and tie up a great bargain there is always the real possibility that you can go find a partner to put up most or, sometimes, all the money with you still owning a percentage of that bargain.

When I first started my saving and investing plan, I very quickly saw the advantage of making offers with that good old “subject to” clause which allowed me to back out if I couldn’t get the down payment or finance it. This gave me a lot of practice and, yes, I even landed a couple great bargains and brought in a partner.

So, if you don’t have much money but want to get started, begin by saving as much as you can and get in the habit of looking for those bargains. Also, you might want to pass this kind of information and strategy onto your kids, grand kids, or friends that you know are struggling financially. This kind of thing may be just what they need to get focused and find their way to financial freedom.

It’s also smart to take the time to really study and fully understand the incredible power of financial leverage and then what compounding your money can do, even when you start with just small amounts of your money. When I saw what leverage and compound could do, it turned me on and motivated me to a super high level and pushed me to save even more money and cut back on most everything.  Anyone can do the same thing.

So, as we start this new year, consider saving more and looking into bargain real estate as one of your great new year’s resolutions!

Lifting our Lives in 2017

December 30, 2016 by  
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As you look at or contemplate what you will be doing in 2017 and beyond, be sure to take a very hard look at the financial category. Life is certainly much more than just money but with plenty of money your options and success with many of your other goals in life can be greatly expanded.

For example, I just discovered that before the great actor and governor of California, Arnold Schwarzenegger, was famous, he became a millionaire from … yep, you guessed it … investing in good ole real estate! So even if you’ve not yet started an investment program you can do so now with savings and investing goals for 2017. It may take some time to build your fortune and you may feel you have so little to contribute right now, but try never to forget the huge power of compounding your money. Compounding can multiply even a very small amount of money into millions of dollars. Certainly Arnold knows that from his experience and so do I.

Eight years ago, when I starting writing my weekly blog it was almost exclusively about taking a small amount of money and wisely investing it, mainly in real estate, to build a fortune for yourself or at least for you to make enough to live very comfortably and retire without ever diminishing your lifestyle. But I’ve also written about health and well-being, relationships and friends, and traveling to broaden one’s perspectives on living, along with many other subjects. But I’m thinking now that as we face another year it would be wise to refocus our attention and goal setting back to that money thing that can lift so many parts of our lives including the lives of those around us.

In the foreword of the book Tools of Titans, the author Tim Ferris quotes Schwarzenegger’s thoughts not only about real estate making Arnold a millionaire but about his many other accomplishments. “I am not a self-made man,” Schwarzenegger says. “I got a lot of help … I stood on the shoulders of giants,” which was his way of giving credit to his parents, coaches, and teachers.

We all need to realize and give so much credit to others that have helped us along the way and then step up and let others climb on our shoulders to lift them up. For me I give tons of credit for my success to my wonderful parents and to the great Bill Nickerson and what his book, How I Turned $1,000 into a Million in My Spare Time, did for me. I also need to credit the great Denver real estate guru, – who took me under his wing and showed me exactly how he turned a few thousand dollars into multi-millions over the years. You can read more about that great story on my June 24th, 2016 blog.

I’ve tried to help others through my investing advice, directions, books, lectures and conversations. I have received rewards of great appreciation and many thank-you’s which are worth so much more than money. One of my resolutions for 2017 is to be more helpful to others. To accomplish this, I need to go to work right now and write down the details and specific steps or actions that I am going to take to accomplish that very goal. What are your goals and do you have them written down yet? If not, let’s do it. There is no time to waste.

The Giving and Sharing Season

December 23, 2016 by  
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Before we get to talking about financial goals and money as I promised you last week, let’s talk about giving first. We can all give more and next week’s blog will help you finance all that you give.

Christmas is upon us and it’s the very best of seasons if we all get into the giving and sharing. There is something about giving to others that makes you feel so good and warms the soul. Most of us start by giving to our loved ones–our kids, grandkids, and spouse or significant other. The gifts don’t have to be gigantic but giving big gifts and a lot of them certainly doesn’t hurt the receiver or the giver. But don’t stop giving at just the family level. Think about your friends, even ones that you haven’t seen or heard from in years. It’s also great to give to strangers that are in need.

I’ve loved giving lots and lots of small gift to kids, not just at Christmas time but all the year round. As many of you know I love to order up $2 bills from the bank and give them at random to kids (although only when they are with a parent. I don’t want anyone to think I’m a creep.) It’s quite funny that the parent many times says, “Oh, those are so rare,” and yet anyone can get them from a bank. The kid and the parent are usually very surprised and delighted and thank me up and down with huge smiles on their faces.

I order 100 of the $2 bills at a time and have given away thousands. But the amazing thing is that as happy and delighted as the parents and kids are, I am even more stoked and happy than them. I usually tell the parent, “I think I’m being kinda of selfish because I get more pleasure, satisfaction, and joy from giving than the kids get in receiving.” I usually add the comment, “Plus, look, I invest $2 and I get back a $1000 dollar smile. I think that is a fantastic return on my investment!” So, I guess that giving can be a bit selfish but then again everyone seems to benefit from this kind of giving. Isn’t that what Christmas is all about, giving for the benefit of everyone?

So be more driven this year and give more and more for everyone’s benefit. And don’t forget that giving can be more than gifts and money–give love, give warmth, give complements … just give more of yourself.

 

The Simple List

December 16, 2016 by  
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Last week, I suggested you make lists of what you want to do, accomplish, become, and experience in the coming year. Those, of course, are called goals or resolutions and to begin thinking about them early on can lead to much better goals and better ways to reach them. So, what did you come up with?

For some people the list can get pretty long with many, many goals and objectives. Recently I’ve been reading Living the Simple Life, a book by Elaine St. James. At one point in her life she wasn’t sure what she wanted to do and become so she starting writing and making lists of different categories. She came up with five categories: Personal, Career, Financial, Spiritual and Civic. Then she made a list within each category. Under ‘Personal’ she’d ended up with a list of 20 items. That was a lot of goals to aim for all at once.

She goes on to recommend that if you want to simplify your life, you might want to limit your resolutions and goals to just a few. She says, “If you’re an incurable list maker, be open to the possibility that you may have to cut your lists back to more realistic proportions. If you’re not a list maker by nature or by habit, you might find it helpful to come up with a brief list of four or five things you’ll want to concentrate on as you begin to simplify your life. Just don’t get carried away.”

I totally agree with keeping the number of goals or resolutions that you make to just a few. Why? If you set too many or create goals that are too big, it may not be achievable and you may become very, very discouraged and depressed when you see yourself falling way short of your objectives. This can lead you to totally throw in the towel and give up, convincing yourself that resolutions–whether they are made at the beginning of a new year or in the middle–just don’t work, at least not for you. So, I hope the lists you made this past week (or are about to make) are not too long or too huge.

That is not to say that great, big goals are not okay because they are. But if they are really huge, they probably need to be spread out over many years so that they are manageable. So, look at what you’ve formulated for the new year and break these goals down into the smaller steps it will take to reach them.

Also, break them down into regular and specific items such as what you are going to do each day and maybe even what hour of the day are you going to work on them. Then, next, determine what kind of progress you’d like to see. Ask, yourself where do you want to be by, say, the end of January and then end of February, etc. Remember, baby steps can turn into a thousand miles, given enough time.

So, concentrate on those small things but keep on doing them each day and each week. Next week I’m going to talk more about financial goals that, of course, can help you with many other goals.

 

 

The Easier Way to Reach Your Goals

November 12, 2016 by  
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Okay, first of all, there is no particularly ‘easy’ way to reach your goals but there are certainly easier ways and harder ways. Whether your goal is to make a million dollars, write a bestselling book or visit 100 different countries, the easier way to reach those goals includes a very simple thing … making lists. And I don’t mean in your head. I mean writing that list down. Why does writing out a list make reaching a goal easier? Because if you write it down it does some very good stuff inside your brain.

Chapter 7 in Henriette Klauser’s wonderful little book entitled Write It Down, MAKE IT HAPPEN tells the great story of her friend Sydne who turned her life around mainly from the single action of writing down her list of goals. Klauser says, “Writing a list gets it out of your head. Heads can be dark swamps, the conversations, the constant chatter, whatever you want to call it, keeps interfering. Writing a list gets it out of the swamp, onto paper. You can see a list in black and white and it’s real. When you reduce your goals to a list, it helps keep your focus.”

So, if you write your goals it basically changes things in your brain. She goes on to say that if your lists are very specific your brain will more likely help you reach those goals. “When you are vague and general, you are safe. Get to the essence of it; that’s when things happen. Nothing can happen when you’re generalized and safe–nothing changes.” When the writing of those lists put Sydne on the path of reaching virtually all her goals, her motto then became simply “Do it easy.”

The author’s advice is to “use listing as an opportunity to crystallize your intent–to learn what matters most to you.” She goes on to say, “Keep that list handy, and look at it regularly, especially if you lose heart or feel scared. Emblazon it in your mind. Repeat to yourself ‘This is what I want and it is waiting for me.’” Remember, keep your list very specific even for things such as buying a car. As the author says, “Don’t simply write ‘car’, write the type of car with make, model, and mileage.”

I must say that goal setting and writing down the specifics has changed my brain and improved my life in many and huge ways. When I was 27 years old I set the very specific goal to make a million dollars by the time I was 30 and yes I wrote it down and looked at that written goal on a regular basis. I went to work to find ways and means, along with great help from a couple of fantastic mentors, to hit my target. Oops I missed the goal, that is I missed the date by one year but reached it at age 31. Pretty much the same thing happened when I set the written goal to write a bestselling book. That book was How to Wake Up the Financial Genius Inside You which eventually sold over one million copies.

I am absolutely convinced that writing it down did in fact change my brain and made it all happen.  I know that it works and if you are not already writing your specific lists of goals down, I hope you start doing so right now.

 

 

I Have the Perfect Life—-Not

October 28, 2016 by  
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My last 2 blogs told of the super wonderful and exciting African Safari that my wife and I took along with our dear friend Francoise Eriksen. It was a perfect trip–all went well without any hiccups or unpleasant surprises! I’m guessing that some of my readers are thinking “Oh, what a perfect life that guy Mark has. He’s wealthy, had his 15 minutes of fame, probably lives in a mansion, and travels the world first class.”

I remember so vividly thinking exactly that as I read about the rich and famous people of the world. I really thought they must have had a perfect life—but, oh, how wrong I was.

p1020832Right after we returned from the African Safari two things happened. I watched and listened to a super famous and wealthy man on T.V. (worth hundreds of millions) talk about the tragedies in his life. He was miserable but how people all around him didn’t believe him. They really thought he had a smooth and perfect life without any bad stuff but that was so far from the truth and the reality of his life.

The second thing that happened was me coming down with the worst common cold that I’ve had in many years. Wow. Talk about major mucus and a constant hacking cough that left me breathless and with very little sleep. Ugh and super ugh! Then a thought struck me and I said to myself, “Wait a minute … why didn’t I appreciate and give great thanks for my super great health while on the Safari and, for that matter, the last 3 or 4 years that I’ve have without any sickness whatsoever?”

Isn’t it quite amazing that most of us human beings don’t appreciate or give thanks for what we have until we lose it–whether it’s our health, good relationships, money, our jobs, or–how about this one–living in a great and free country. I will say this … traveling through South Africa, Zambia and Zimbabwe I couldn’t help but think about how good we have it in this great country, even the poorest among us are better off than some of the people I observed as our train passed through African villages where they lived with terrible conditions.

So my message this week is, let’s all take time to pause and think about and take notice and appreciate our health, wealth (however large or small), relationships, and this great country that we live in. And let’s do that right now and not wait till we’ve lost some of it.

Next week I want to talk about some other challenges in my life. Everybody’s life, no matter how rich or famous, has its troubles and its tragedies as well as much to be grateful for.

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