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Bigger Rewards Than Money

July 8, 2017 by  
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It’s tons of fun making big money and it can help your life in so many ways. It not only allows you to live in a wonderful home, or even a mansion, but it gives you a chance to see the wonders of this great world of ours. On top of that, you can easily be a great giver to others including charities, struggling students, homeless people, and the sick.

Even with all these advantages, there are still other great rewards that supercharge your brain and give you big feelings of satisfaction, inner peace and happiness. And what would that be? Read the text message I recently received and I think you will see what reward I am talking about.

“Dear Mark: To me–now hold on big fella–you are a celebrity. It was such a privilege to have finally met you recently. I’ve wanted to do this for the 41 years that I’ve applied your basic fundamentals of real estate investment (coupled with my father’s teachings and influence with his rental property as a young boy) and learned and implemented from my first real estate book, HOW TO WAKE UP THE FINANCIAL GENIUS INSIDE YOU, in my year of marriage. It instilled confidence and was easy to understand. I’ve had “Fire in the Belly” ever since.

“That picture of you standing next to a Mercedes hood ornament screamed with success, at the time, in the advertisement of your book. I’ve had business mentors in my life, all unaware of the far and wide ripple of influence they’ve had in my life, unless I tell or have told them. And all of which were many years after the fact. You are one of those mentors that I’ve not had the opportunity to personally acknowledge and thank.

“So, thanks a million or better said, a few hundred million and even most likely, a billion times over. 🙂 How many millionaires/billionaires you created? I can’t imagine! Hopefully this created wealth has been used to parlay, edify and lift others in doing good things. It has for me. This is all I hope to do, as I attempt to keep all things in proper balance and perspective. You have blessed my family, me, and many other lives. Thank you most sincerely,

Scott C. Keller, CEO/President of Keller Investment Properties (KIP)”

I’m told that Scott’s net worth is well into the 9 digits and has been there for many years! So, I think you can probably guess how receiving this text made me feel and I sincerely hope you, the reader, are super financially successful and coach, help out, and teach others along the way! The feeling you get from doing so is as big a reward as the money, if not bigger.

More Ways to Make Big Bucks with Existing Ideas

June 30, 2017 by  
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There’s no question that fortunes are made every year by people who come up with new products and services. Whereas many of these new products are totally new and different than anything we’ve seen before, there are just as many or even more products that are copies of existing products with some changes, a recombination, or additions that make it virtually brand new.

Take for example, the common product—the suitcase. They have been around for many, many years. It used to be such a tiresome thing to lug our heavy suitcases or trunks through the airport or into a hotel. Of course, there was the ever-present bell boy to help and get a tip for doing so but it was still difficult to get around with those bulky cases.

Another product that most of us, since we were little kids, have seen or had a bit of fun on ourselves are roller skates and skate boards. These had nothing to do with suitcases, not until someone said to themselves, “Hey, wait a minute, why don’t I put some small wheels on my travel bags, suitcases, and heavy trunks? It can’t be that hard to do.” Even if you didn’t have any skill to put those two things together, you certainly could find a mechanical type person to do it for you. And now I can only imagine how much money was made from that simple change.

That was a pretty simple little invention made by putting two known products together in a new way. If we take the time to observe and study familiar inventions and products and then thinks through how to put a couple products together we could, no doubt, come up with a brand new idea.

To help facilitate this, you could gather together 5 or 6 people you know that are creative thinkers. Put them together in a room and give the group a big list of products then ask everyone to brainstorm and throw out ideas on which products might be put together in a new way. Surprising things can come out of such a brainstorming session.

Or if you are a creative thinker, use that same long list of products and brainstorm on your own and see what you come up with. You can do the same thing to come up with a new service, as Uber did, though the taxi industry certainly didn’t like it. However, I don’t think the owners of Uber, a multibillion dollar company, were very bothered by that.

My first venture into mass marketing was done by copying someone else’s formula and it lead to millions of dollars of profits. As a stock broker manager, I discovered that several of my employees had purchased a book from an ad in the newspaper with the headline “The Lazy Mans Way to Riches”.

That got my attention to the point that I called the author, Joe Karbo, repeatedly until he agreed to meet with me in his California office. When I discovered how many thousands of books he’d sold from that simple ad, I burned the midnight oil each night to write my own book and when I finished I sat down and studied the style, sentence length and tone of Joe’s ad and made my ad as much like his as I could without copying his exact words. So yes, in a way I copied, but did it legally and the big money rolled in beyond my expectations!

There are many, many more fortunes to be made by observing what is happening in the markets and what products, ideas and services exist and then by coming up with something different enough to be seen as brand new. And if you do it right, soon enough, you’ll see the money flowing your way.

 

Copying Success Without Cheating

June 24, 2017 by  
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You probably know that if you copy somebody’s writings, product, or a special new and unique service you might get sued. But copy something with your personal touch and a few changes and you could make millions of dollars.

Most people copy to some extent, but few people admit it. We all want the world to think that we can, and do, generate good and even great original ideas. Only a secure person is totally at ease with learning from others, however. The smart people who value learning from the past and from contemporaries purposely set out to study and to observe others and their successes and then they go about duplicating them with some changes and in their own style so that their contribution becomes unique.

An exact copy usually doesn’t work and could be the cause of a lawsuit. Fortunes are made weekly by people who merely take a concept, a product, or a service they saw in one market and move it to a new market with very little changes made. If you try to copy somebody exactly in the same market, people will often regard it as a rip-off and will not pay the price that they would to the originator of the idea or product and, again, you probably will get sued.

However, you can reap huge rewards by taking the time to discern the particular aspects of a product, service, or idea that is working and making someone a ton of money. Think long and hard about how to change it for the market you want to implement it in. Even slight changes can be made to that money maker that are different enough that it really is your unique product or service.

Just take a look at the success that the taxicab companies were having and then with a few changes, here comes Uber, grabbing up a big share of the market. When others saw the huge success of Uber they jumped right in and copied it with a few very small changes to create like Lyft and Curb. These companies dipped quickly into Uber’s profits making these attentive duplicators very rich.

I strongly encourage you to take a hard look around and notice what is working and making big money for others. See what small changes and improvements can be made so it is uniquely yours and figure out if it has the potential to make you a fortune.

Next week I will give you some more ideas to how to see how this can be done with a little effort.

Staying Excited about Your Goals

June 19, 2017 by  
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Read carefully these great words to “The Impossible Dream”, a song sung by the fictional Don Quixote, The Man of La Mancha. Here the hero sets out to right all the world’s wrongs. Think about yourself and what you want to do with your life so maybe these words will help motivate you as they have with me.

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 my 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 great 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 best for you? Do those goals represent what you really want in life?

If you answered “No” to any of those questions, you’d better be in search of a new goal. Without a strong and positive belief that we are seeking what is best, we simply won’t have the power or the energy we need to take us through every action that is necessary to take us step by step to the goal.

And it always helps a ton to visualize what rewards await you when you achieve your goals. For me one of the great rewards that I always place firmly in my mind is the ability, both financially and time-wise, to travel to most of the countries of the world. What is your motivating force that pushes you to reach your goals? Think about what they are and then take time to do some big-time visualization of what it’s going to be like when you reach your goals. Seeing it clearly in your mind will help you keep focused and lead you there.

Gems of Wisdom

June 9, 2017 by  
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Last week I shared bits of wisdom with you from the great Paul J. Meyer. Many of these were principles that ensure long term success in handling your money.  Let me share some more gems with you. And remember these gems come from a man who started with nothing but accumulated a half a billion dollar net worth by successfully helping and motivating other people.

These quotes are from a great 30 page booklet that Paul gave me years ago, entitled “Being Smart with Your Money” with my thoughts in parentheses.

  1. Set goals.
  2. Live within your means.
  3. Get on a budget and stay there.
  4. Pay yourself first. Just remember that a part of everything you earn is for you to keep.
  5. Put your money to work. (Invest it wisely–so it works for you 24 hours a day.)
  6. Get out of debt. (As in credit card debt. I would add that mortgage debt on income property is okay and can be a good thing.)
  7. Have realistic expectations. (Building a financial fortune takes time)
  8. Get wise counsel. (Find a good mentor that’s been successful with their money)
  9. Never spend what you have saved.

Alright, now let me give you a few thoughts of mine that have helped me in my financial life and life in general.

  1. Pay careful attention to your self-talk or your chatterbox inside your brain. When you catch yourself with negative chatter going on inside your head, push it out and replace it with positive self-talk.
  2. Don’t beat up on yourself when you stumble, fall or make mistakes, or fall short of your goals.
  3. Set big goals then be sure to write them down with a deadline. Just remember it’s okay, even very good, to take baby steps toward those big goals.
  4. Physically keep moving no matter what age you are. Walk, run, or otherwise workout. Using a Fit Bit can help you with this one.

Here’s some other wonderful little tidbits from Eckhart Tolle’s book The Power of Now that can help a life to be better:

  1. Make the living in the now the primary focus of your life.
  2. Stop judging self and partner.
  3. The greatest catalyst for change in a relationship is complete acceptance of your partner as he or she is.
  4. See if you can catch yourself complaining in speech or thought– if so, you are playing the victim.
  5. Let go of the past-only refer to it when it has relevance to the present.

 

 

Re-Motivating Words

June 3, 2017 by  
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The truly wonderful motivational guru Paul J. Meyer was one of my very greatest mentors. A couple of days ago, I was organizing a bunch of the books in my home library when I came across a book that Paul had given me back in 1977. I re-read the wonderful comments that he made about our relationship in the front of the book and consequently I just had to write about him and how he motivated me.

One of the great things he preached to me and others was to identify the books that help us the most and re-read them many times because all of us humans do tend to forget what we’ve learned in the past. Rather than read 1,000 books, he said find the best books that speak to you. That might be just a few dozen or even 100 books, but keep going back to them to refresh your memory and re-motivate yourself.

I began to glance through Paul’s book, The Story Of Paul J.Meyer … The Million Dollar Personal Success Plan, and yes, it refreshed my memory and I realized just how much I had forgotten. Now, just a couple days later, I am finding myself re-motivated and re-inspired. Here are a few choice quotes from Paul’s book:

“A self-confident attitude is the most important asset you can possess.”

“Self-motivation is the power that raises you to any level you seek.”

“Goal setting is the strongest human force for self-motivation.”

“Real confidence in yourself is always demonstrated by Action.”

“Decide what you want and write your goals. Then convert your goals into positive, present tense statement called affirmations. Affirm your goals each day until they become part of your subconscious mechanism.”

“A common reason for human failure is total disregard for the power of self-motivation.”

Great stuff! I do sincerely hope that Paul’s brilliant words, written years ago by this great man and friend who passed away in 2009, will reignite your passion for living and doing great things for your life as it has done for so many people on this earth.

Paul’s motivational records, books, tapes and speeches were, and are still, followed by millions of people around the globe. Even though he started with nothing he was able to get half way to a billion-dollar net worth in his lifetime. This was just part of the great reward he got from the many people he helped. Next week I want to share a few more of his great statements and motivational words plus a few others from great sources.

 

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.

 

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