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Traveling for Ideas

October 7, 2017 by  
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Traveling can be so great for the body and the mind.  We are overseas right now. A couple days ago we took the Eurostar from London to Paris. The 200 mile an hour ride was wonderful–smooth, quiet and, when we weren’t in the tunnel that goes under the English Channel, very scenic. I really enjoy that train. But I think the most interesting thing about travel, especially to foreign countries, is seeing and experiencing different cultures and all the fascinating people.  It’s so mind expanding and invigorating!

I’ve certainly learned that no matter what the sex, skin color, or nationality a person is, most humans are wonderful, honest, and kind people. We are all much more alike than different. Another huge plus you get with travel is learning about new ideas, new products and new types of services. If you have even a little bit of entrepreneurship in your bones maybe you can introduce one of those ideas, products or services to your home city or state and maybe end up making a small or even large fortune.

Many years ago, my wife Kimberly noticed those wire spikes they were using in Europe to keep birds away from buildings and places that were being inundated by a lot of bird droppings.  Those wire spikes were a simple little invention that was unheard of in the USA at that time.  If we had been the first ones to copy that simple invention in the US, as someone did not long after that, it no doubt would have added a few extra millions to our net worth.  Oh well. At that point in my life, I was much more interested in playing tennis.

So, if you are looking for good ideas to duplicate, do some more traveling and have a ton of fun meeting kind and interesting people. Take some time to really observe and look for new ideas and products, items that maybe you could be the first to introduce to your hometown and country. With such ideas, you just might cash in big time!

SELF-CHECK LIST REDUX, PART 2

September 23, 2017 by  
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As I mentioned in my last post, I have a self-check list that has really helped me make improvements in my life and motivates me to keep it up. The list has 20 items on it and I gave you the first 10 last week. Did you go through those for yourself? Did you find that they brought up all kinds of ideas and aspects of yourself and your life you hadn’t thought about too much before?

Well, in this post, I am giving you the additional ten questions on my list. These really get into the big picture of who you are and what you want.

To get the most out of this list right now, I would suggest that you actually write down your answers to each of these questions. If there are any answers that you aren’t happy with–things you discover that you would like to change or know you need to address–highlight them. Then spend some time either journaling or talking to friends and family about what you need to do. Then, not too long from now, you should be able to answer these questions with positive statements that show you know who you are and where you are going with your life.

Ready?

  1. Have I set goals big enough to energize my mind, body and soul to the point that these objectives are my core or dominant thoughts?
    12. Do I want to be my own boss?
    13. Do people like me and can I inspire others with my dreams and goals so they will follow me and help me achieve my objectives?
    14. Am I a generalist who can delegate to others or a specialist who must do everything myself?
    15. Do I have a great degree of intuitive ability or am I very gullible and can easily be deceived?
    16. Am I able to take major disappointment and bounce right back?
    17. Do I have the right paradigm or view of the world that will drive the right attitude in myself? (I must always remember that if I don’t like my life I must change my attitude and thinking.)
    18. Do I use the huge and great power of “choice”? (Mankind’s most powerful attribute)
    19. Do I ‘borrow’ the brains of others through personal contacts, books, cd’s, podcasts, texting, emails etc.?
    20. Can I, and do I, adapt and adjust my goals to economic, political, technological, and relationship changes?

If you find writing down these answers helpful, try writing them out to last week’s 10 items too and see what other areas you might want to work on.

Are you finding this list as helpful as I have? Sign up to get these posts by email by going to the top of the blog’s post page. If you are not reading this on the blog page, then go to http://ignitemylifenow.com/blog/ to sign up and also have a look through the recent posts and archives sections you’ll find on the right-hand side. There’s even a search button on the top to help you find the subjects you’re most interested in reading. I hope you find more super helpful things in my past posts as well.

 

Self-Check List Redux, Part 1

September 16, 2017 by  
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I was going through a bunch of my old blogs and in re-read this one below. I was very motivated by my list of questions aimed to make improvements in my life. There are 20 on the list in total. I will post 10 this week and 10 more in next week’s post.  I hope they help you as much as they helped me back then as well as now with my latest review!

My Own Self-Check List, Part 1

I was getting myself better organized the other day and came across a list of 20 questions that I used in the past to help me focus on qualities I wanted to see in myself in order to have my own “Super Success”. I wrote the list back in December 2003 but reading it over, I found it just as relevant now as I did back then, so I wanted to share it with you all. I believe these, or your own personal variation, can help just about anyone.

Here are the first 10 and next week I will post the second group of 10. Read the list and ask yourself these questions:

  1. Am I being pro-active?
    2. Do I believe in myself (How’s my self-esteem doing?)
    3. Am I being “time conscious? (Life is very short so I want to live every day to the fullest. Even if I live to be 80 years old, that’s only a little over 700,000 hours!)
    4. Do I spend time, planning, calculating, and running the numbers on various projects that I want to see succeed?
    5. Do I make decisions that need to be made? Am I decisive enough and realize that it’s better to make more decisions and be wrong than to not be decisive?
    6. Am I staying organized and do I keep working on being better at it?
    (I test myself by observing my desk, my files, and even the backseat of my car.)
    7. Do I do what I say I am going to do, both to myself and to others?
    (My word needs to be my bond—my reputation will follow. My honor is my greatest power)
    8. Do I have high ambitions and enough energy to follow through?
    (I remind myself often of how I can create extra energy–like having great ideas and dreams along with focus for extra energy.)
    9. How do I stick with a project?
    10. How is my discipline factor? (I must remember that if I want to rule the world or any part of my own world I must rule myself first.)

If you find this list helpful–please feel free to pass it on to others that may benefit from it. And I would love it if you would drop me an email at moh@reincome.com and tell me how you liked this blog.

–MOH, May 11, 2012 

Are you finding this list as helpful as I have? Well, don’t miss out on next week’s either. Sign up to get it by email at the top of the blog’s post page. If you are not reading this on the blog page, then go to my blog page to sign up and also have a look through the recent posts and archives sections you’ll find on the right-hand side. There’s even a search button on the top to help you find the subjects you’re most interested in reading. I hope you find more super helpful things in my past posts as well.

 

Raise Your AOG and Everyone Benefits

September 2, 2017 by  
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Last week I briefly mentioned the great importance of the “Attitude of Gratitude” or AOG. I’ve noticed how my own life gets better and better as I become more and more grateful to, and for, other human beings.

When I look back at my life I see so many people that helped me. Some were mentors while others were very helpful friends and relatives and I gained so much and am so very, very grateful to them and to so many books that lifted my life. And now as I get older I am even more grateful and want to give back or pay it forward to the max.

I’ve tried to give back for a number of years through my speeches and books, but I must admit, a lot of that was selfish and I did profit greatly, both from the great ‘feel good’ reward but also financially. Now I am more interested in just purely giving back and helping people improve all parts of their lives–from health to wealth to that great feeling of accomplishment, satisfaction and happiness.

I try to do that through this blog and am determined to do a better job and reach out and help more and more people and the only pay I want is the huge payment of finding out and knowing that I’ve touched and helped improved other people’s lives. With this blog, I am going to reach out to many others from my list of friends and relatives and I’d like to ask you to help me, if you kindly would, by forwarding this post to people that you think it would help.

I have two very good friends that have been immensely successful–one is a huge worldwide, bestselling author and the other is one of the best comedian’s in the USA. Both these great guys write blogs and I mentioned to each that I love what they write but many times I forget to log on to their blog sites. Both of them began emailing me their new blogs each week, which makes it so easy to keep up on their posts and I never forget to read them. You can do that with my blog as well just by clicking here or going to the links in the upper right of this post’s page.

So, to your friends and relatives who may receive this email, here’s what my blog’s mostly cover. How a person can make big bucks–as in millions and multi-millions of dollars–in today’s world, hints on living a more healthy and longer life, ways to get be more fulfilled, content and happy, keys and hints for more loving relationships of family and friends, how to get and stay motivated, methods to improved mental and physical energy, more info on the great power that writing goals down and, of course, me always pushing my readers to set great, big goals but being satisfied taking baby steps to reach those goals.

I sure hope you will help me out and forward this post on to others and maybe they will also want to help other people and pass it on! And I do sincerely hope you and others will share my great AOG. You just give this a try and see how it makes you feel as well as the other person. Tell 5 people in the next few days how much you appreciate them and that you have a huge amount of gratitude for all that they do and all that they are as a human being. It sure makes you, plus a lot of other people, feel so very good!

 

Finding Focus Through Our Natural Talents

August 26, 2017 by  
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To continue with the theme of these past couple weeks, here are some more key traits of super successful people. And when I say successful, I mean in any part of a person’s life as well as financially.

A big part of being successful is being focused and staying focused. That is a super vital trait that all millionaires and multi-millionaires seem to possess. Finding Focus Through Our Natural Talents in his book, Outliers, makes the claim that anyone who spends 10,000 hours focused on one thing will be become the best or one of the best in the world.  I agree in part, but I also believe a person needs to look at themselves and determine what their natural abilities and strengths actually are. You can’t be great at everything, so it’s wise to look at ourselves and ask the question.  “What is it that I really want to do and become very successful at?”

Also, it’s important to ask yourself, “What do I love to do?”, because if you hate what you are doing there is a very strong possibility that you can’t and won’t stay focused on that thing that you would otherwise become super successful doing.

So, if you want to become highly successful in a chosen endeavor, you must first take a look at yourself and determine what you’re naturally good at and what you really love to do before you start setting goals to rise to the top.  I have noticed that all the millionaires and billionaires I’ve known have been very focused on making their business or investment work, becoming and staying profitable on their way to making millions of dollars. Granted, once they have arrived at the goals that they set for themselves their focus is usually diminished or starts to focus on something else.

In my own life and experience, I set a goal to make a million dollars by age 30. I had noticed that I was really good with numbers and had read how important this was in making a fortune. I also had a passion for negotiating and making deals. Those two natural talents gave me a great advantage, especially when, after researching different methods of making millions, I discovered that many millions have been made, starting from scratch, by the use of leverage on assets that can be fixed up and improved. That, combined with meeting my first of many mentors, led me to that first million dollars.

Wow. Did I ever stay focused! That’s all I thought about and all that I did and I kept that focus because I loved what I was doing. Yes, my focus has changed now and it’s more on tennis and helping others including trying to give back because so many people helped me along the way and I felt a need to pay it forward. I have so much gratitude. I’m working hard to have more of that great thing called “An Attitude of Gratitude”.

If you want super success or just want to add more to your current success, take a hard look at yourself to determine your natural talents and what you are or can become passionate about, then set some goals and get started! And don’t forget to pass it on to your kids, grandkids, friends and anyone you want to help.

 

A Team for Success

August 19, 2017 by  
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Keeping in line with the theme from last week’s post, here are a few more traits that most millionaires and multimillionaires have ingrained in their brains. These folks quite often …

… motivate others.

… have a strong work ethic and are not afraid of working very hard for what they want.

… are very coach-able

… seek out and find mentors.

… are passionate about their dream.

… take risks.

… have a strong desire to make lots of money.

… have a entrepreneurial mindset.

… are good at team building

… think big.

… have their money work for them.

… set goals.

… have great discipline and patience.

… have the ability to stay focused.

… understand and use compounding to create their wealth.

I would like to stress that to be super successful and make millions you don’t have to have all these traits and I’m pretty sure that very few people, if any, do. Still, it’s my opinion and experience that some of these traits are more essential and important than others when it comes to creating wealth. Once a person has set a goal to make megabucks and comes up with a great plan and a proven formula, a key trait to increase the chances of hitting that goal is that critical trait and ability to motivate others and build a good team. It’s pretty hard and very difficult, if not impossible, to build a fortune all by yourself. You must have a team of people around you.

Can you imagine someone trying to build a skyscraper without the help of anyone? That’s pretty much impossible and it’s the same with building a fortune.  One person can’t know or do everything.  In building my fortune I was always amazed by how much better and smarter some of my team were on so many issues. Yes, I would motivate, push, and delegate but it was my team that would make it all happen and they almost always delivered great results.

There is only 168 hours in a week and the only way you can get more hours and more great things done is by picking a great team, then motivate and delegate to make things happen. So, bottom line here, if you’re looking to make a fortune or add to the one you already have, seek out and find the best people for the job through referrals, lots of interviews, or whatever will help ensure you have a great team.

One last thought.  I find it so very fascinating and so critical to realized that I owe so many people for helping me to reach my goals. It is not just my team that did so much work but also those great mentors of mine that got me started and coached me along the way! They too are an essential part to my success and the success of so many other millionaires.

Living the Rich Life … Well Below Your Means

August 12, 2017 by  
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In last week’s blog, I said that multi-millionaires are risk takers and, sure, sometimes those risks don’t work out but with enough time, determination, and a good game plan, taking risks do pay off.

Viewing multi-millionaires from a distance you might not realize that most of these people also have a “lack of attachment to spending”, especially on their way up the financial ladder. But even after arriving at the multi-million dollar status, they still tend to live below their means. This is because they still pay close attention to their spending; it’s a habit they formed when they were poor and working on climbing that money ladder.

This trait jumped out at me just a few days ago while planning a trip to Europe.  I got on line to buy two first class tickets to Paris and, on my first search, saw that prices ranged from $8,000 to $11,000 for each round-trip ticket. Even though I could easily afford those kind of prices, I just couldn’t stop there.  I spent another 20 or 30 minutes looking at different route’s, dates and airlines and those minutes paid off big time.  I found a $2500 ticket for a nonstop flight to London, knowing that we could catch a ride on the great Euro star train which only takes 2 hours and 15 minutes to get to Paris. The only minor problem was that we prefer to fly on Delta airlines since we get a lot of free miles and our million-mile status gives us all kinds of benefits and privileges.

I told my wife and she told me to wait a few minutes because she was checking a few different dates for Delta and sure enough within 5 or 10 minutes she found a round trip, first class flight on Delta into London for $2600 dollars—for another $100 it was well worth it to us and we quickly booked our 2 tickets.

Like I said, I could easily afford the higher price but I would much rather use the savings to buy more properties or even make more donations to my favorite charities.  Maybe if I were a multi billionaire I would just not bother shopping around and would pay the much higher price.  But then I look at someone like Warren Buffet and even with his $75 billion, he lives far below his means, still residing in a very modest house that he’s been in since 1958.  He very much has that great “lack of attachment to spending” trait and knows how to live below his means!  We all need to learn a lesson from him and yes, pass it on to your kids and friends and anyone who wants to make it big and stay there.

A little P.S. here … that Euro star train ride is fantastic! It’s smooth, quiet, and travels at 200 miles an hour, straight from downtown London to downtown Paris. I love that wonderful and very scenic ride! You should make your own plans to take Euro Star and visit Europe in the not so distant future.

A Bold Night

August 5, 2017 by  
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Recently I read a list of 10 traits one sees in millionaires and found the list to be very much in line with my own experience, especially points like “not afraid of taking risks” and being the types that just go out there and “do it” without worrying about the possibility of failing.  There is much I’d like to discuss with you about the things on this list but this week, I want to zero in on risk taking and how it can pay off in many parts of your life.

Last weekend my wife booked tickets to the great historic Egyptian Theatre located in Park City, Utah.  It’s a wonderful place that books many talented actors, dancers and singers.  We went to see one of the original singers from The Supremes, Mary Wilson.

Wow, what a great voice she still has all these years later. She gave an absolutely wonderful performance and ended the concert by asking if any women wanted to join her on her last song.  I’m not sure if she invited any men to join in but no men took to the stage.  I was really into her music and performance and felt so turned on. I really wanted to join her along with that bunch of pretty ladies on stage but she was ending the song and I was afraid to go up and maybe totally embarrass myself.  I thought about it for maybe 15 seconds and then said to myself, “I’ve done all this preaching about not worrying about failure or embarrassment so why sit here? Just get up and go do it!”

Well, even though I was very unsure of myself, doing something that I’ve never done before, I just jumped up and got onto the stage and began singing and dancing with all those women.  And what happened?  Well, I had a wonderful time and all the women seemed to love that I joined them. Mary Wilson made a special fuss over me, even pulling me into her side as the song came to an end and, WOW … did we ever get a great standing ovation! Not only that, I met all her backup singers and musicians back stage.

Later my wife and I had a nice chat with Mary about success and what it takes to make it big. And yes, overcoming fear of failure and just “doing it” is high on that list.  There was an additional bonus for my boldness and that was the number of people that came up to me afterward to give congratulations for my boldness, saying they wish they’d done the same thing.  And now we even have a few new friends in Park City.

A big plus was that the theatre sent pictures of me on stage with Mary! Now, this experience certainly won’t turn me into a great singer, but I had an incredible evening and I re-learned that great lesson of overcoming the fear of failure.  I certainly used that lesson as I built my financial fortune, overcoming fear and pushing forward even though I knew there were risks I was taking.

We all need to keep telling ourselves to take some risks and push ourselves to overcome fear of failure.  I would hope you too will keep working on this one and, please, pass this lesson on to your kids and grandkids and friends, especially those that you see needing a little help in this department.

Mary wilson

 

Is Financial Freedom Worth It?

July 22, 2017 by  
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Many of us want to achieve something big or great, but before you can do this you must have a dream. Your starting point is a vision, a goal, whether you want to be a great artist or a great athlete or a great statesman. The same principal applies to financial success. One doesn’t just wake up one day and find oneself the richest person in the world. Success must be earned, which to most of us seems obvious but some folks just don’t get it.

The good news is that it can be earned and in a relatively short period of time. Knowing that makes the effort much more worthwhile and should encourage more people to dream big and set big goals.

HOW MUCH DO YOU NEED?

We all have difference wants and needs requiring different levels of income to feel financially free. Some people would require $10 or $20 million or more before they would consider themselves financially independent. Others would need only $500,00 or a million. Still others may need only $2,000 or $3000 more a month to be able to live as they wish.

What is financial freedom to you? How much income or net worth would you need before you would consider yourself financially free, having income that comes to you without much or any effort on your part? How much is enough to allow you to do exactly what you want to do, when you want to do it?

Finding that figure should be the first step toward reaching your new goal so set your goal and make it specific and, of course, write it down with a time frame or deadline.

IS IT REALLY WORTH THE EFFORT?

The next step is to decide whether or not the effort it will take to reach financial freedom will be worth it to you. You not only may have to work very hard and long but you may have to constantly defend, or chose not to defend, yourself against those who consider money to be bad and think you are just being greedy.

Of course, making lots of money can be either a good or bad thing, depending on what you do with it. Money has many powers. Money can free someone from drudgery and from feeling trapped doing a job that they hate. It can be, and usually is, a measuring stick, an indication of progress. It’s stored up industry. It is achievement and accomplishment made negotiable.

Aside from all the hard work and how having money is perceived, the most important consideration of all is the journey itself. At the very beginning you must ask yourself, “Am I willing to make the necessary sacrifices and take the necessary risks on the journey?” If the answer is no, you should reevaluate your reasons for wanting to make the journey in the first place.

Personally, I had many reasons as I set out on my journey to make many millions of dollars. I highly valued the great freedom of traveling the world and helping other people along the way and trying to truly make a difference. For me, the hard road that I had to go down was well worth all my efforts. But only you can decide for yourself if it’s worth the sacrifice and energy you’ll need to put into it.

A little footnote … if you already arrived at your financial goal, I would suggest you send this blog on to your kids or grandkids or someone that you think would really like to hit it big. Being an example and encouraging others is just one more thing that reaching your financial goals can do for yourself and others.

 

A Darling Little House

July 15, 2017 by  
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Many years ago, I wrote a book called The Courage to be Rich. This week, I re-read some of that book and, in particular, a chapter entitled “How Yuks Can Create Big Bucks”. It reminded me again that making money by acquiring beat up, old, dirt bag properties and adding your own sweat equity can make a person rich today in the exact same way it did 30 and 40 years ago. In fact, right now, with many properties selling for top dollar, it makes even more sense to lower your financial risk by investing in these kinds of properties. Here is an excerpt from that section of the book.

Changing a Tacky Dump into a Swiss Chalet

I really couldn’t believe what I saw. A few years ago, while driving down a street in Salt Lake City, I glanced over at a little white house, maybe a thousand square feet at the most, and I just about drove off the road. The formerly grungy house had been completely transformed. Instead of a tacky little house complete with cluttered yard, worn grass, and garbage cans by the porch, I saw a cute, Swiss chalet cottage. The change was so stunning that I pulled over to stop and stare.

At first glance, it seemed that someone had spent a ton of dough making the property shine. Upon closer inspection, I found that the changes made on the outside of the property were quite inexpensive. The dirty sides of the house had been covered up by a fresh coat of paint, and Swiss style shutters with decorative patterns had been placed on either side of the windows. The garbage cans had been moved from the front yard to the back. For extra frosting, a white picket fence had been put along the front of the yard. One other conspicuous difference was a FOR SALE sign prominently displayed.

I was totally amazed at the change, but even more amazed at my reaction to the changes! I had, for years, been in the business of buying properties that needed fixing up and, after some work, would resell or refinance them at substantial profits.

Prior to stopping at this house, I considered myself very smart and successful at what I did. But here is the huge shocking part of this experience. My first reaction was: “What a cute little house! It’s absolutely darling. I should buy it!”

Talk about dumb–really dumb. Here I am in the business of buying dirt bag properties, fixing them up and making big money selling them and this little house almost fooled me into buying it. But now as I think about it, that experience is teaching me a big lesson.

Almost everybody would rather buy a property that looks nice and new and pretty. That’s just normal in us human beings. That’s why people are making money by fixing and fancying up beat up houses and apartments. And now in today’s market where a lot of properties are at top prices, these types of properties are the safer investment. You can greatly increase your chance of making money by doing the simple fixes that stand out and grab people’s attention!

That darling Swiss looking house certainly did it for me and needs to be duplicated. Or should I say, “Hey, here is another way showing how you can make big bucks from yuks.”

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