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Motivation in Words

April 19, 2019 by  
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It happened at the airport. I was in big hurry-I had to get a 13-year-old German boy on his plane back to Berlin. As I ran down the concourse, a handsome, 40ish stranger said as I hurried by, “Hey Mark, good to see you.”  I had no clue who he was, but I waved and kept running. Five minutes later, after they boy was on the plane, the stranger approached me again. This time he put out his hand and introduced himself.

He told me how he bought my first book How to Wake Up the Financial Genius Inside You and gave me credit for making him tons of money and dramatically improving his life. The chance meeting was a catalyst and a huge motivator for me to keep writing so that I might help more people with their financial lives. There are not many things that make me feel more content and satisfied as being told that I helped a person make a fortune which lifted their lives to a new level.

I’ve had so many people thank me for writing my books, my blogs, for sharing my methods, formulas, and experience, that I am sometimes overwhelmed. But it also motivates me to write more. I’m a total believer in the power of setting goals, but there is a critical part of goal setting that many people don’t use and that critical part is a pretty simple process that almost guarantees that you will reach the goals that you set: it’s the simple act of writing your objectives and goals down on paper or on your iPad or computer. By doing that, you more permanently plant the goal in your mind and the likelihood of reaching that goal increases exponentially.

Anne Klauser, in her great little book, Right It Down… Make It Happen, talks about the huge power of writing your goals down and what it does that pushes you to follow through and reach the goals that you’ve set for yourself. Quoting her, she said, “Writing it down feeds the inner mind… the other than conscious mind.”  There is something in that inner mind that drives a person to go after and reach the goal that was set.

She goes on to say, “Create your own list of what is meaningful to you. List your intentions and begin your day by writing them down.” Do that enough and it will become a habit that you don’t even have to think about.

Personally, I’ve noticed that when I write down my goals—long term or even just a to do list for today—it’s like my brain won’t leave me alone and it coaxes me to follow through and do what my list tells me to do.  It’s almost like magic, the way it works in my head. It doesn’t seem to matter whether my goals are putting aside time to work out, taking my 20,000 steps a day, a list of people I need to talk to, or even taking time to write this blog, my brain works overtime to make sure I get it done.

If you haven’t been writing down your goals and to do lists, try it and I think you will be impressed and pleasantly surprised how much more you’ll get done and how much progress you’ll make towards your big goals not to mention finishing your daily list of goals, which always feels great.

 

Daring to Dream Big

April 12, 2019 by  
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Years ago, I dreamed of being wealthy. I studied the lives of the rich, especially the ones who started from scratch. I mean, I really studied them and analyzed everything they did and how they did it. I discovered that millionaires are not a hundred times, or even ten times, smarter than you and me. And they aren’t working ten times longer or harder. How could they? There are only 168 hours in a week — no one gets any more than that. The difference was an honest to goodness and simple wealth formula that, if followed, works.

Before I discovered this wealthy formula, I lived in Denver, Colorado in a cramped and tumbled down house at 2545 S. High Street, near the University of Denver. I felt desperate and forced into a corner. I had to borrow a $150 from my father and another $150 from my father in law just to buy groceries and help pay the rent. If that wasn’t enough, I was several thousand dollars in debt, but I still kept studying the lives of the rich and dreaming of being a millionaire.

Then it happened. I met Larry Rosenberg, a man who became my mentor and showed me the simple formula that had made millions for him. He convinced me that I could do the same thing.

I began to apply the formula I had been shown. The results were amazing! I couldn’t believe how simple it was. In fact, it seemed too simple. (Please note, I said simple, not easy!) It did take work but oh, how that work was so very worth it!

For the next 3 ½ years, I worked very hard to refine and improve the formula that I’d been shown so it would be easier to get quicker results. As I did this, my assets and income multiplied very rapidly to the point that I didn’t have to work at my regular job. I quit!

The simple formula that I had been shown was to leverage income producing real estate —-as in small houses and apartment buildings. The key to building my fortune was to find run down properties that I loved to call “dirt bag properties”. These were properties that I could fix up and improve the value by 10 or 20 percent and then I could turn that 10% or 20% increase in value to 100% return on my investment, because of that great thing called “leverage”.

And as I’m sure you know a 100% return on your money can and will increase your net worth quite quickly! In my experience leverage income producing properties is the most reliable, fastest, and safest method of making big time money. Most people have a little bit of that “leveraged real estate” in the home they bought. But if you have to go a step further and but some dirt-bag or rental properties and fix them up and make those huge 100% percent returns. If you buy right, it will work wonders for you.

 

The Healthy Second Half

April 5, 2019 by  
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As most people know, good health is vitally important to all of us. I’ve learned over the years that there are at least 20 things you and I can do to add 20 years to our life and enjoy those years in good, or even great, health. But as you know, if you read my blog 2 weeks ago, I gave you only the first 10 of those 20 items so far. Now, here are the other 10 ways to possibly add 20 years to your life.

  1. Take control of you own life – take the lead and start a physical program and stick with it.
  2. Get red in your diet. Eat tomatoes and red veggies as these are known to reduce the likelihood of prostate cancer.
  3. Shake off the salt. No more than 2000 milligrams a day.
  4. Meditate – it’s the ultimate relaxant and takes just 20 minutes a day. It can reduce your stress level and better your life.
  5.  Don’t ever eat hydrogenated oils.
  6. Stay out of the smog and bad air.
  7. Get a pet.
  8. Get a life partner. People with a companion live longer.
  9. Have a lot of sex. Large studies show more sex equals longer life.
  10. Drink lots of water – at least eight 8 oz. glasses every day.

And here is a bonus one to make it 21. Give to others. Give love, time, laughter, money, compliments, and appreciation. That will make you and the one you are giving to feel better and that feeling of well-being will help you both to live a longer and happier life.

But wait… there’s more! Here is another bonus list:

A Dozen More Signs and Habits for Longevity

  1. Drink 2 or 3 cups of green or white tea daily.
  2. Spend 30 minutes a day walking, biking, working out, etc.
  3. Don’t drink soda.
  4. Build your lower body strength. In other words, legs.
  5. Eat lots of blueberries, red grapes, red fruits, and drink small amounts of red wine.
  6. Control your weight. Slim is in and can keep you in the game of life longer.
  7. Eat no beef or very, very little.
  8. Stay mentally active – get a college education or equivalent.
  9. Relieve stress with better and more interpersonal relationships. Chronic stress weakens the immune system and ages cells faster.
  10. Hang out with healthy people.
  11. Have, and maintain, a positive outlook and a sense of purpose.
  12. Do good things for others and have a good strong sense of community.

That’s it! I hope these items are motivating and helpful and, if you use them, that they extend a long, healthy life for you. I also hope you share this with the ones that you love, to help them achieve a long and healthy life as well!

The Umbrella Goal of Health

March 30, 2019 by  
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I know I said I was going to give you the other half of that 20 life list but there’s been a lot going on this week so we’re going to revisit a post, revised and updated, from 10 years ago, basically about the same subject.

I do regularly talk about health and the benefits of a good diet and hopefully it’s often inspired you to eat better and take care of yourself. The question is, are you, or will you be committed to it, not just for the near future but for life?

Getting down to an ideal weight and getting off junk food are great goals, but your hard efforts will be wasted if you don’t make it a modification to your lifestyle rather not just a temporary change.

These healthier eating habits can lengthen your life as they are and actual fountain of youth! But if you can’t keep it up, it probably won’t get you very far.

Because, here’s the thing … if you lose 30 pounds then gain back 20 a few months later, lose another 10, gain another 15, and keep this yo-yo dieting going, you aren’t helping your health at all. In fact, you’re stressing your system. Same goes for the ‘occasional’ junk food meal. Can a coke addict get high just once in a while?

The bottom line is, you have to decide that you want to live healthy–determine the specific weight you want to reach and stay at it while committing to eating healthy, minimally processed, whole foods, and keeping active. Look at this commitment as a commitment for life, an umbrella goal that will support every other goal you make by giving you the health and energy to pursue all your dreams.

So, be good to yourself these next few weeks and aim to eat and live healthy for the rest of your life. You can start by reading Chapter 10: An Umbrella Goal for Life in my book, How to Ignite Your Passion for Living. As I explain, 42 days is all it takes to form a new eating habit. After that it’s just a little bit of vigilance.

Use the goal planning tips in my book and you’ll certainly get there. Do this for yourself, your family, and, of course, for the success of all your dreams.

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!

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!

 

Refilling Your Social Life in a Fulfilling Retirement

February 8, 2019 by  
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The great thing about regular work or a job is that it gives you a good reason to get out of bed each morning and get going, and it is very important when you retire is to set something up that replaces that for you. One way to do that, as I mentioned in last week’s post, is put yourself to work in a way that can better the world.

As you push yourself to get involved with a charity, or whatever it is that you choose, you will find that you can replace what your work gave you in terms of structure and routine with the activities of your new mission. This will give you something to get you out of bed but, just as important, that structure and routine will also give you a new social aspect to your life.

Most of us develop a significant social life that revolves around work, but then, when we retire, this is often lost. So, getting involved in a charity or other organization can replace what you are missing when you leave your job or no longer work. It will do all that while you do a little something to make the world a better place.

Most of us humans really don’t realize how very important our social contacts are until they disappear or are greatly diminished when we retire. It’s not that you won’t know those same people or continue to have great friendships with some of them, but when you’re no longer working together, you are suddenly not nearly as involved in each other’s lives and you don’t see each other nearly so often. Most people will greatly miss the regular social contact if they do not replace it with another purposeful and regular activity that also involves time connecting and interacting with other people.

Each of us will have our own plan but here is what I plan on doing to push myself to create a new routine, structure, and source of social connections in my life that will make me get out of bed every morning and look forward to the day: I would like to teach grade school, high school, and university students in classes on writing, marketing, public speaking, financial methods and strategies, and maybe even tennis, on a regular scheduled time and day. I know quite a bit about all those subjects, and I do love to teach others how to do these things and show them how they can have great success and a huge sense of fulfillment and satisfaction from learning these new skills.

So, my challenge to you is to start thinking about your own retirement and start making plans on what you will do to create routine, structure, and social connections. Make a list now, even if you are many years away from retirement. You can change up that list as things come to you but just being aware of the necessity will help you create a fulfilling plan. You won’t be sorry if you do that now!

The Freedom of Structure

January 25, 2019 by  
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I’m reading a great book that my son gave to me, titled What Will I DO All Day, by Patrice Jenkins PHD.  It’s all about retirement and how it can be either a really good thing or something that drives you crazy. And it can all start long before you retire. It may even start from the moment you just begin thinking about what the heck you are going to do when you retire.

Most people think, “Oh, it’s going to be great when I retire. I’ll have all that time to do all those things that I’ve wanted to do but haven’t had time to do.” But when people actually retire, many of us can become very frustrated because, all of a sudden, we don’t have a routine or the structure that a regular job gave us. Now we must set a routine and a structure of our own and that takes some thinking and some work.

So much of what this author talks about that needs to be done also applies to all of us in our daily living long before we even think about retirement, such as setting goals, writing them down, and writing daily “to do” lists. We all know, or should by now, that when we write down a list of things to do the night before, the likelihood of us following through and actually adding action to that list and doing it, increases big time. I’m sure you have seen that happen in your own life.

Patrice has a chapter called “Structure is Freedom”. When we are working full time, structure doesn’t seem like freedom. She tells the story of this one guy by the name of Jim. Jim said, “You have to know what you’re getting up to each day.” Here is what she wrote about Jim and what Jim’s thoughts were:

“When Jim first retired he was looking forward to having his days free to do anything he wanted to do. But, after a few months of this, he told me that he, ‘found it to be more work not to work. My energy level was lower than when I used to work 10 hours a day. The truth is I was puttering around the house most of the day.’

“It was at this point that Jim acknowledged that having more structure in his days would improve life in retirement. He started scheduling appointments, making commitments, and setting deadlines. He decided to set his alarm for 7 a.m. and start each day with exercise. He made a rule to turn the television off by 9 a.m. so that he could start doing something more productive. Jim also volunteered for a couple of organizations which required weekly commitments of his time and talents. He told me these changes gave his life a more focused direction. ‘Now I know what I’m getting up to each morning,’ he said. ‘I really needed the structure to give me the freedom to enjoy retirement.’”

What Jim learned is something we should all focus on and be sure we do it whether we are retired, close to retirement, or many years away from that status. Yes, our full-time jobs give us structure and a routine, but our lives can be, and will be, so much more fulfilled and productive if we set up our own routines and structure totally independent of our jobs. Now that I’m semi-retired I am going to work much harder on my own routines and structure too.

The 100% Return Goal

January 18, 2019 by  
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As we begin a new year it’s a very good time to remember the basics, specifically the basics of financial independence through which you make and keep your own fortune.  It’s so easy to forget the basics, especially when we are all caught up in the details of our daily lives, even those details that are involved with building our wealth. For example, if you have a big problem with the plumbing at a rental property or the property taxes just got bumped up, it’s easy to focus on just that, but that can get you frustrated or make you kind of space out on your overall plan.

What you should not forget is that you have to continue to look at the big picture, looking for ways to take advantage of leverage whereby you could earn as much as 100% of your money due to compounding. I’ve certainly been there and done that. Even on the very property that is giving me fits, I many times have failed to step back and realize that my equity on that very property has already exceeded a 100% return on my money and I should be motivated and reminded to keep doing that.

There is a simple example that I used in my fist book, How to Wake Up the Financial Genius Inside You, where I showed how 1 single penny a day compounded at 100% a day turns into just over $339 million on the 35th day alone. Now I know there is no way you can compound your money at 100% per day, but it is possible to compound your money at 100% per year, especially in the first few years. The key to those huge numbers is using other people’s money (your leverage). So, maybe only 10, 20 or 30% of the price you pay is with your own money and then the rest is in a loan from the bank or the seller for the balance. It’s not only possible but many people are doing just that, every day, including myself and many people that I know and have helped.

I do know that finding beat up properties these days can be a bit more difficult, depending on where your market is, but things change and prices go up and down and you and I need to always be looking for those bargains, especially those properties that need fixing up, the ones I like to call “dirt bag properties”. Then, always remember that good ole leverage formula:
If your down payment is only 10%, and you improve the property enough to increase the value by 10% you have made a 100% return on your money. That formula is a little simplistic since it doesn’t take into account your expenses, but you can keep those pretty darn low if you do most of the work yourself. Just don’t let the goal of a 100% return on your investment scare you away because it seems too difficult. If you can get even part way there, say just a 30% return on your money per year on only $10,000, that fraction of the big goal will still add up to over $1,124,000 in just 18 years.

My big point here is that we must keep the big picture in mind and remember that those potential returns are there. If you do, it becomes easier to not be deterred or discouraged by those plumbing issues, property tax increases, or other relatively minor problems.  Keep your eye and your dreams focused on the big prize, because it is all together very possible to achieve that big goal.

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