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Invest in a Basic Need

October 26, 2018 by  
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Just yesterday, I was on a conference call discussing options for doing a 1031 exchange as a big property that I’m a part owner of was recently sold for many, many millions of dollars. We did make a huge profit on this property and it had a great cash flow during the time we owned it, just like most of the income properties I’ve invested in, but it was time to sell. So, we were looking at our options to buy into other properties which would allow us to avoid paying a huge capital gains tax. We discussed several properties that looked quite promising when one of the partners—a guy much smarter than me—talked about the possible softening of the real estate market due to rising interest rates. Whereas he and others agreed that we are probably due for a pull-back of property values, the new acquisitions looked so promising that a pull-back in prices in the area would not likely have much effect on our possible purchase but it was still a risk.

I was faced with a similar dilemma many years ago and just recently happened to come across something I wrote back then when everyone was worried about a down turn in the economy and a pull-back of real estate prices. My headline was “A Basic Need”. In this piece I wrote, “Why is real estate such a good investment? Why do experts predict that the real estate market may slow down but will probably never fail?”

My answer to those questions is the reason why real estate is such a super great investment – real estate is an answer to a basic need. People always need a place to live, a place to work, a place to shop, a place to stay when on a vacation, and even a place to farm. Improved real estate is especially in demand and it is in demand most of the time. These include apartment units, single family houses, duplexes, etc. And, of course, one of the huge benefits of this kind of real estate is that even if the market softens and price come down, you still have someone else increasing your net worth since their rent payments are paying down your mortgage. Is that a great deal or what?

Even when the market softens a bit, eventually, these properties regain their value as the supply of units shrink and rents begin to climb again. I’ve seen this happen many, many times but investing in small rental houses, duplexes and apartment buildings, through all kinds of market conditions, was how I made my first million. I would keep buying as the market softened and prices and rents began to drop, but I was pretty darn sure the drop would eventually be over and, sure enough, the slump would end and put more millions in my pocket.

Bottom line here is yes, the economy will probably pull back a bit in the next year or so, but this can open up many opportunities for you and can bring you big profits in the long run. So, keep an eye out for good income properties and make offers to buy, whether the economy softens or it keeps on growing.

 

The Energy Generating Brain

October 19, 2018 by  
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I am pretty sure there’s not many people that wouldn’t like a bit more energy. Okay, maybe an 8-year-old kid has plenty, but most of us, especially as we age, really want and need more energy. The amazing thing about humans is that we can actually create more energy with our minds.

The mind can be one of the strongest and most powerful force that you possess. A overly simple example of the mind creating energy is if you were dead tired at the end of a mountain hike and could hardly take another step, but suddenly you were confronted by a grizzly bear, your brain would immediately send a signal that would produce a huge amount of adrenaline and give you plenty of energy to move very quickly to save yourself. Although that is chemical physiology, even quantum physics has proven that your thoughts can be vibrations of energy.

How about this? You are lying in bed, totally worn out with seemingly no physical or mental energy, and suddenly you think of some incredible new invention. You can visualize how this idea could very possibly make you a quick few million dollars. Suddenly, your brain creates a ton of new energy and you jump out of bed, rush to your desk, and begin putting your great new idea on paper.

Your brain really can create energy. I totally believe that your brain is the key to your financial fortune and my experience backs up this belief. Some say that you can obtain wealth by training your subconscious mind to attract wealth, and I totally agree. If you put those money-making thoughts and plans deeply in your mind and then push very hard to turn those thoughts into action, you can and will be successful.

Quoting from one-mind-one-energy.com, “The most potent form of energy is thought because thought waves are cosmic waves penetrating all time and space.”  The 5 steps below, found on that website, make so much sense and are so very true. We really need to watch our brains like these 5 steps advise.

  1. “Watch your thoughts, they become words.”
  2. “Watch your words, they become actions.”
  3. Watch your actions, they become habits.”
  4. Watch your habits, they become your character.”
  5. Watch your character, it becomes your destiny.”

Good ole Mahatma Gandhi said something similar: “A man is but the product of his thoughts–what he thinks, he becomes.”

Wow, there’s a bunch of good stuff to pound into our brains that can greatly enhance and improve our lives, whether it’s to make millions of dollars or become whatever we’ve always wanted to become and maybe have fallen short. Plus, who among us doesn’t want to have a ton more energy?

The Power of Repeated Thoughts

September 28, 2018 by  
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People commonly remark to themselves, or to other people, things like “I’m a real good people person,” or “You know, I’m not good with people. I guess I’m kind of anti-social.” Others say, “Hey, I’m really good at fixing things,” or “I sure am a poor public speaker, but I’m a very good writer.” How about you? What do you tell yourself and others that you are good at and things that you are not so good at?

This self-talk is a very powerful thing and it tends to make you much better at some things, but it also can reinforce negative ideas about your life and habits which can hurt you.

I’ve said for many years that I’m very good with numbers and that I am a good wordsmith but, when it comes to repairing or fixing things, ugh… I’m terrible. And for many years now I’ve said to myself and to others, “I’m really, really not physically flexible.” In fact, I can’t even touch the floor without bending my knees big time. But, a few weeks ago, I started thinking about the huge connection between the brain and the body and how my comments about my lack of flexibility was totally reinforcing that weakness. You see, by telling myself over and over again that I was not at all flexible, my body believed it, which wasn’t hard because I wasn’t doing anything to change it either. So, my body was just following the brain’s instructions.

It does surprise me that I didn’t have this wakeup call years ago. I just accepted having a stiff body as an unchangeable fact and by always saying that I was not flexible, I reinforced what my brain was telling my body.

So, having had my little epiphany, I decided to do something about it. I started a simple daily stretching routine and within just a few days I was delighted to see a slow but consistent improvement in my flexibility. Before my stretching program, if I had dropped something on the floor, I would ask my wonderful wife, Kimberly, it she’d pick it up and she always would. But now she doesn’t have to. Even though I’ve got a long way to go to be super flexible, I can see that it is going to happen, just a little bit at a time.

I’m not saying that we don’t each have some very natural talents and abilities but there is also a very strong connection between the brain and the body that can also affect our abilities. We need to remember that we can direct our thoughts to make changes and improvements in our body and in our life, changes that we may have thought were not possible. The bottom line is that our thoughts can reinforce good stuff in our lives as well as some bad stuff so we should pay attention to which kind of thoughts we keep repeating to ourselves and others.

Think about this and maybe experiment with ways to direct you and your body to change or improve. You might surprise yourself.

 

A List to Start the Day

September 14, 2018 by  
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A few weeks ago, I talked about how important that first hour of your day can be as the book, The Miracle Morning, talks about. I would add one critical thing that you can do to make that first 60 minutes of your day so much more productive and beneficial to your life – write down, the night before, the items and tasks that you want to address the next morning. Write what you want to concentrate on for those first 60 minutes. You can break it down to six 10 minute items or four 15 minutes tasks, but no matter how you do it, making a list can, and will, greatly increase the odds of you following through on what you want to accomplish.

There is something magic that happens in your brain when you reduce your desires to a list. When you write those items down, it’s like your brain pushes you to act on them and won’t let you go until you do it.

In my book, How to Ignite Your Passion for Living, I have a chapter entitled “Clone Yourself with the Amazing ‘L’ Factor”.  Show me any super-successful person who has accomplished big things and I’ll show you an accomplished list maker. Yes, you can clone yourself by the wise use of list making, plus some good old-fashion delegation.

Of the many specific techniques that have huge value in helping catapult a person to the top of whatever they’re going after, I have to say that list making is at, or near, the top of that list. For some reason most people tend to put a much higher value on just about anything that is on a written list. It’s just flat-out amazing how much more enhanced your life will become and how many more dreams and goals you will be able to achieve by using lists. In addition, daily task lists or to-do lists are the key to keeping track of accomplishing all the bite-size components into which you’ve broken down your big picture goals.

So, if you have gotten away from that ole list making habit, it’s probably a good time to start making lists in order to drive yourself to get lots of stuff done. And I don’t mean just for that first hour of the day, but make lists for your big, huge goals and read over your list often, checking off those items that you’ve accomplished. Then you can give yourself a nice pat on the back for getting the job done!

Prioritizing Your Lists

September 7, 2018 by  
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Last week’s blog challenged you to become the next Richard Branson. I’m still waiting for that invitation to jump in your hot air balloon and travel over the Atlantic Ocean! But, more importantly, I hope my words got you thinking about list making.

I ended my previous blog, which was all about how successful you can be when you make lists, by asking the question, “How important is it to prioritize your list?”

Of course, the answer is that prioritizing your lists are absolutely critical, that is, if you want to do much bigger and better things!  However, most of us humans after we’ve made a list, will often make the mistake of NOT prioritizing the items on them. You may be thinking, “Hey, everybody knows you should prioritize!” And that may be true, but most people simply don’t do it, even if they know it’s very important!

I’m acquainted with many bright and intelligent people who treat virtually situation – every business deal, and every contact – equally. Ok, I’ve been guilty of doing that myself from time to time. People will even let a very low priority phone call or even a walk-in salesperson interrupt a high priority project or meeting that they are involved in. They have no sense of priority. They often move from one small, easy item to another small, easy item on their “to do list”, simply because they are easy and to get them out of the way.

Once in a while, if there is still time in the day, they’ll finally get to some important items, or even a top priority item. I’m sure most of us have done this, on occasion, but we need to realize that leaving our top priority items until later will hurt our progress and productivity to a large degree.

If we give it some advance thought and plan our day, we are more likely to stop ourselves from “taking the easy way” and not be oblivious to the great power of doing the top priority items first. Probably the biggest reason all of us can, and do, too often leave the top priority items until later is that those are usually very challenging and very difficult, and people just don’t want to push themselves. They do the easier, lower priority and only moderately important items first so they can check them off the list. I guess it makes them feel good or feel like they’re getting more done that way.

Have I taken the easy road myself?  Yes, of course I have. Most of us are very human in that way and we slip up once in a while. Sometimes we slip up more often than that. But by knowing that’s the wrong way to approach my list, I can concentrate on giving the top priority items a top priority position on my list which will help me reach great heights in my life.

If you dwell on this idea and acknowledge the fact that doing the easy things on your list first can keep you from accomplishing great things, you are much more likely to prioritize properly. And when you do slip up, and am totally aware of that slip up, you need to admit that to yourself and take corrective action. I am sure you can do this because I can and I’m pretty sure, you and I are not that different.

A Billionaire and a Popstar

August 31, 2018 by  
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I’m sure you’ve taken note of certain people whose lives seem packed full of many marvelous activities, adventures, and experiences. Have you ever wondered how they do it all? Well, a big part of their success is that they are good at making, keeping, and working off of lists.

A good example is British billionaire Sir Richard Branson, who credits his lists of things he wants to accomplish as the key to his getting so much done. He takes the time to go down that list often, adding to it and checking off each item as it is completed.

Here’s a guy who, at the tender age of 25, had the nerve to make a $100,000 offer to buy the Caribbean island of Necker that was listed for sale at $6 million dollars. No, the seller didn’t accept that low ball offer but, later, Branson did buy the entire island for a mere $180,000 which ended up being one of his favorite paradise getaways. And get this … his super luxury cabin rents out for $65,000 a night! Wow. That’s my kind of real estate investment – a place you can rent out, when not using it for yourself, that provides a super great cash flow.

Today, his Virgin group of businesses owns more than 200 different companies. Among these companies are businesses that specialize in air travel, finance, retail sales, music, cell phones, internet, hotels, and even a railroad. In 1999, Branson attempted, and broke, world records in hot air balloon travel and in a transatlantic small boat crossing.

Pop star, Madonna, also has a reputation as a big list maker. Although her accomplishments are in different areas than Branson’s, she attributes her list-making to keeping track of her priorities and getting so much done.

Lists are one of the secrets used by the rich and famous every day of their lives. They help them to run their businesses and to expand their ventures. List making is a common trait of millions of successful people regardless of race, sex, nationality, or occupation. Lists are used to lift their lives and propel them toward fulfillment. And lists can do the same for you and me!

Once again, as I write about this, it truly motivates me to make more lists and be more consistent in doing just that. But here’s a good question to end on: How important is it to “Prioritize” your lists?  We’ll talk about that next week.

In the meantime, how about you or your son or granddaughter become the next Branson? Hey, it could happen, and then maybe you will invite me to a hot air balloon ride across the Atlantic!

Life Changing Mornings

August 24, 2018 by  
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I just finished reading a great little book that my wife gave me titled, The Miracle Morning: The Not-so-Obvious Secret to Transform Your Life Before 8 A.M. In this very uplifting and motivating book, the author, Hal Elrod tells of how his life was dramatically lifted by setting an early morning schedule and routine. This was very difficult for him at first since he was defiantly not an early morning person, but as he says, “committing to my personal development in the morning … would give me a positive motivation to kick start my day.”

On that first morning he pulled out a list of what he considered life changing development activities that he had learned over the years but had not put into practice. “One by one, I implemented each one,” he writes. He had decided to use one hour each morning and spend 10 minutes for each item on his list.

Here are the 6 items that Hal thought were the most impactful for his life:

  • Silence – as in meditation where he would concentrate on his breathing for 10 minutes.
  • Reading – he grabbed the book Think and Grow Rich. (He had started reading it many times but never finished the book.)
  • Affirmations – he wrote down his list of self-affirmations including the things he wanted to become and what he was going to do to change his life.
  • Visualization – he created this after watching the movie The Secret (I have to watch that movie myself.)
  • Journaling – he had a journal but had not written in it for a long time, yet he found after writing a few things he was grateful for the way exercises her that motion creates emotion so drop down and did push-ups and insist for those 2 minutes of stopping by getting up one hour earlier as you normally do than you normally do and going through a routine it lifted his spirits.
  • Exercise – he had heard that “motion creates emotion” so he dropped down and did push-ups then sit-ups for those 10 minutes without stopping.

By getting up one hour earlier than you normally do and going through a routine, spending just 10 minutes on each item you set for yourself, you can change and enhance your life the way Hal Elrod has done. And Hal had some pretty huge setbacks when he was a young man. At age 20 he was hit head on by a drunk driver and was dead for 6 minutes. He suffered brain damage, 11 broken bones and was told that he would never walk again. He didn’t believe what he was being told and went on to defy the doctors, eventually running ultra-marathons, becoming a Hall of Fame Business achiever, and even recording as a hip-hop artist.

If someone like that created and is using the “Miracle Morning” technique, you know that the method is certain to create success. It did work for him and I think it can work for anyone who is willing to set up the schedule and go after what is important to them.

Ok, here’s a good way to start that will give you a little more direction and additional motivation to get out there and improve your life – go by Hal’s book! You won’t be sorry. https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710

Money Can Buy You Novelty

August 17, 2018 by  
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If you Google “Ignite My Life Now”, you will see “Investing in Real Estate” as part of the headline, so some people might wonder if this blog is about investing in real estate or igniting your life. I certainly believe that investing in real estate and making lots of money does not necessarily  ignite a person’s life, even if real estate investing yields millions and millions of dollars for that person. I clearly remember thinking, when I was young and didn’t have much money, that once I made a million dollars, my world would be perfect and I would be totally satisfied, content, and happy. I imagined that my life would be totally ignited.

However, when I arrived at my first million-dollar net worth goal, I was surprised and disappointed that I didn’t feel much better, so I figured I had to make another million or two, then I would be totally set in the departments of contentment, happiness and fulfillment. I was certain that my world would be pretty much ignited and perfect then. But surprise, surprise … when I arrived at my new goal my life still didn’t seem to be ignited.

I looked deeper and deeper to try to discover what the real key to fulfillment, contentment, and happiness in a person’s life was and whether money could play a part. As it turns out, there is a lot that goes into having a content, fulfilled, and happy life and, yes, money can be a part of that.

We all know that love and loving relationships with other people – a spouse, friends, children and others – lifts the happiness factor as does setting goals and reaching them. It also has been proven that unique and novel experiences can revitalize a person’s mind by boosting a brain chemical called dopamine, which makes you feel so very happy. But, what about money? What part can it play in lifting our contentment and happiness factors?

What I have found is that money by itself does not make a person much happier than when they did not have it. It can, however, buy more possibilities in a person’s world. You see, our brains want novelty and money can give you more time and resources to carefully and creatively design and go after these novel experiences. This is one of the best uses of your money.

I’ll never forget all the totally unique and novel experiences I had when my wife and I went around the world in 28 days, visiting dozens of new and different countries with so many totally different life styles, houses, huge castles, small villages and fascinating people of different cultures, religions and habits. On a smaller scale but also quite stimulating for the mind, is being in places like I am now.

As I write this blog I am sitting in a marvelous,  multi-story “cabin” in beautiful Big Sky, Montana, totally enjoying this very unique and novel place with most of my kids and grandkids. Ok, yes, I’m working, writing this blog as the some of the kids are running about, visiting Yellowstone, looking to go tubing, or taking the chairlift to the top of the mountain. But none of this would be happening if I hadn’t invested in the good ole real estate stuff and make some good money at it.

The big bonus to making money on my investments was that I really did enjoy the work and I got a ton of contentment along the way as I worked through each deal. I even broke a sweat back in the days when I did much of the hard labor to repair and fix houses and apartment buildings in order to increase their value. I’m not saying that I’ve always been perfectly happy and content, but I am saying that money has opened a much wider world for novel and unique experiences that have greatly enhanced and lifted my world.

The Grateful List

July 20, 2018 by  
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A few days ago, I walked down my very long driveway to get my newspaper. The walk down the drive and back is about 1500 steps which is a very good start towards my goal of 20,000 steps a day, a goal that motivates and drives me to always keep moving for better health and longevity.

But this day, as I walked, I was thinking about what I said in my last blog, about how most of us humans take so much of the good stuff in our lives for granted. That simple thought led me to begin making a list in my mind of things I am so grateful for but then I began to notice how many things on my mental list were things that I was totally taking for granted! So, I decided I should write them down and take a look at that list at least once a week and push myself to take time to appreciate the wonderful things in my life.

When I got back to the house, I began my list. Doing this simple little exercise has been a great motivator and has begun to make me more at ease with life.  I would encourage you to make your own list of 10, 15 or more things you want to better appreciate in your life and review them regularly. Constantly renew your vows to appreciate those great things in your life and not take them for granted.

Please, go ahead and do it and you’ll see how much it can enhance your life. And yes, why don’t you and I encourage our family and friends to do the same thing and spread the word. This is just another way of paying good stuff forward.

Here is the list of things that I do so much appreciate, and many times take for granted:

  1. My darling, kind, energetic and loving wife.
  2. My super wonderful kids and grandkids— there’s not a bad one in the bunch.
  3. My good and consistent health and the many people that dedicate their lives to be great doctors, surgeons and inventors of great medicines that help cure so many things.
  4. My fairly good game of tennis at age 74.
  5. My warm and supportive friends (especially the ones that let me beat them in tennis, ho ho!)
  6. Living in a great, free country that provides so many opportunities for growth and prosperity.
  7. My many great mentors that have enhanced my life–both in person and through some great books.
  8. The many very smart and hardworking inventors that have given us everything fromautomobiles to jet airplanes to heaters, air conditioners, and so many electronic products.
  9. My FitBit, a great invention that can give people great health and longer lives, that counts my steps and has motivated me to keep moving.
  10. An absolutely gorgeous sunset or star-studded sky.
  11. My great opportunities to travel the world and how easy it is with today’s jet’s, great hotels, guides, and services. Plus, the convenience of cell phones and computers to check up on the kids.
  12. The great, super safe pilots and operators of machines of all types.
  13. All that great music out there that motivates and inspires so many of us.
  14. My many wonderful financial opportunities and all the ambitious, energetic help and assistance I’ve had from employees and partners.

I’ve probably left off other things I don’t appreciate enough…but I think this is a good start for me to work on.  And I did go out of my way to begin by telling my wonderful wife how much I do sincerely appreciate her. I do hope my little list idea will push you a bit to start your own list and feel the same increased satisfaction for life and living as it has for me.

 

Future Thinking

July 6, 2018 by  
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Continuing from my last blog on “visualization of the future”, someone pointed out that a man becomes what he thinks about all day, or as it says in Proverbs 23:7, “For as he thinketh in his heart so is he.” If you, for example are aiming at someday owning a hundred apartment or rental units, or a few small shopping centers, or want to achieve a certain net worth within a given time frame, you make that vision definite and well-focused, running it through your mind every day. You then work backwards from that ultimate big vision to the present time, locking in what must be done to end up in that future position and, if you do, then you will almost certainly succeed.

A great example of clear, concise visualization was portrayed in the old classic 1977 movie, Rocky, which was a story inspired by the boxer, Chuck Wepner. As you probably remember, Rocky was a boxer who, after much preparation, finished a fifteen-round fight with a world heavyweight champion. Once he had that goal locked in his mind, nothing could stop him, and nothing did. I’m sure if he’d set the goal of winning that fight he probably would have ended up doing so.

It is totally possible for anyone to meet their objective if that same mindset of determination and dedication that Rocky used was to be applied. He looked into his own future, saw what was possible then made it reality with a huge, unbendable mindset and, of course, a huge amount of hard, hard work!

Visualizing our own future can, and does, serve us well if we set our minds on things that are good for us. Looking into the future can even keep us alive. I’ll never forget the near tragic story of the plane crash in the Andes and that hero of a guy by the name Nando Parado. He not only saved himself, he also saved many others by keeping his mind focused on the future.

The book Survive details how, after the crash in the snow-covered Andes, with practically no provisions, these surviving athletes were able to stay alive for 2 months. This was accomplished largely through the efforts of Nando who had the ability to visualize the future, and even finally walked and crawled for many, many miles over the frozen ground and steep hills and mountains to finally reach civilization and save his team mates. He was able to do this almost impossible task because he didn’t stop visualizing the future, even when the future was only a few yards away such as his next rock, snowbank or hunk of ice that he had made his next goal on the way to save himself and the others.

Future thinking and visualization really can save your life as well as totally enhance every part of the life that you choose.

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