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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.

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.

 

Transform Your Energy

May 28, 2017 by  
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Few people would argue against the proposition that Thomas Alva Edison, even though he only had three months of formal schooling, changed the lives of literally millions of people by bringing inventions such as the phonograph, electric light, typewriter, motions pictures, and the electric generator into the lives of people everywhere. Although Edison didn’t invent anything significant himself, he improved and promoted many things we still used today, patenting 1,093 inventions in his lifetime.

Edison worked from sun up to sun down, and beyond–in fact, sometimes from twenty-one to twenty-three hours a day! How did he generate so much energy to do such fantastic things? And how can you and I generate more energy so we can do much more than we are doing right now?

Energy is neither created nor destroyed, but it can be transformed into something else. That transformation is itself a kind of creation. How do people like Thomas Edison transform energy so they can keep going so long and hard? Perhaps the following illustration will help to answer that.

It’s early morning and you have to get up for work. You were up late the night before; you don’t want to get up. But you struggle into a sitting position and think about what’s ahead of you. It promises to be typically humdrum. You sigh and lie back down. “I can’t stand to go into that office one more day,” you think, and close your eyes. Ugh, you don’t seem to have any energy.

Contrast that feeling with this: It’s early morning and you have to get up to catch a plane to Paris or Hawaii. You were up late the night before but even though you’re tired you’re filled with excitement and feel a rush of energy. So, you jump out of bed and quickly get dressed and pack since you know that in just a few minutes a chauffeur driven limousine is going to pull up in front of your house. This will take you and a few of your closest friends on a trip to your favorite vacation spot where you will do exactly what pleases you and turns you and your friends on! So now you are all ready and up pulls the big beautiful limo. You feel great and have a ton of energy.

Why are these two situations so different? The answer is obvious. In the second example, your thoughts are transformed into energy! Isn’t it amazing that the simple act of thinking certain things can generate great physical and mental energy? I certainly think it’s amazing!

We all need to remember that so we can control and direct out thoughts to generate more and more energy. Great thoughts transform into great energy, while mediocre thoughts transform into only mediocre energy and may even be a big drain on our energy.

P.S. I must admit I copied the above from a great 1983 book, Goals, Guts and Greatness, but it’s just as true now as it was back then. And yes, I did get permission from the author … since it was my book.

 

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!

Losing Out to Fear

May 5, 2017 by  
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I am totally convinced that most people don’t end up making big money–especially when you are talking millions of dollars—not because they aren’t smart enough but because of their fears. It is a fear of failing and/or the fear of losing what little money they may have. Believe me, I totally understand those fears because that is exactly what held me back for a long time.  But that’s when my wonderful friend and mentor, Larry Rosenberg stepped in and gave me the courage to overcome my fears or at least reduce my level of fear. At the same time, he showed me exactly how to do the big deals and reduce the risks which, of course, reduced the amount of fear I had.

Don’t get me wrong there are always risks but even so, Larry convinced me that if I wanted to hit it really big, I would have to take some bigger risks. At that point, I reasoned with myself and agreed with that old saying, “Better to try and fail than never to try at all.”  I never forgot being told repeatedly when I was young, “Nothing ventured, nothing gained.”

There is no question that when you use financial leverage on a purchase that you increase the risk to yourself.  Like that old example I’ve used over and over—if you put 10% down on a $500,000 dollar property, you could lose all your money if that property dropped in value by 10% and you had to sell it. That’s $50k gone just like that.

That kind of risk is scary but on the other hand, if that property increases in value by 10% then you’ve just doubled your money or made a 100% return. Remember what huge numbers 100% returns do to your money over time–just one penny compounded at 100% a year grows to well over $10 million in just 30 years! That’s the great power of compounding. Of course, you can reduce your risks, big time, by using your brain and your brawn to fix up a property which greatly increases the chance of raising its value and greatly reduces your risk.

If you want to reduce your risk even more, you may want to do what one of my long time students did early on in his acquisition of property. I’m talking about Dell Loy Hansen who now owns properties valued in the billions. He started from scratch after he read my first book, How to Wake Up the Financial Genius Inside You. How did he reduce his risk?  He went out and found partners which allowed him to buy property with much bigger down payments, so they went into these investments with a lot more equity and hence less risk. That, of course, reduces the possible return on the amount invested but, for Mr. Hansen, it greatly increased his leverage and allowed him to buy bigger and bigger properties, hence his multibillion-dollar portfolio.

So remember, if you want to hit it big, be prepared to take some risks and if you want to cut those risks a bit, go find some good partners to share in the initial down payment. Just be sure to take good care of those partners.

 

 

Crossing Out Our Fears

April 28, 2017 by  
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Last week I promised to give you some directions on how to get rid of your fears and, yes, I think we all have some fears that should be dealt with. Elle Luna in her great book, The Crossroads of Should and Must, gives such excellent advice and direction on how to eliminate fears.

The first thing you need to do is be totally honest with yourself and write down your fears, some of which you’ve probably not told anyone about. Those of you who follow my books and blog know that I am a huge believer in the power of writing things down.  When I write down a goal, for example, especially if I include a time line and date for reaching that goal, those written words have huge power over me and push me to deliver on the promise and the goals that I set for myself.  Those written words on the page drive me and won’t let me go until I achieve the goal.

Elle’s advice on writing things down begins with a list. “Grab a piece of paper and write the numbers one through ten on the left side of the page. At the top, title it “What are you so afraid of?” This is your worst-case scenario list. This is your list of fears, ultimate doomsday concerns, and everyone-is-going-to laugh-at-me-and-run-the-other-way scenarios. These are your largest, scariest fears, and you’ve got ten minutes to write them down.”

I really loved the following advice she says right after that–“Now let’s get realistic about these fears. Because often, fears in our mind can be like say–sticky and way difficult to remove. But fears on paper? Tangible, visible.”  This is followed up by a new term for me and one I really love. She asks us to identify and go to work on the fears that are “cross out-able.”

“After you’ve gone through all of your fears,” Elle says, “write a short note or tip next to each line listing one thing–just one–that you can do to loosen that fear’s grip on your life. Get to know these fears intimately because they are the invisible walls that surround you daily. Decide which ones stay and which ones gotta go.  If you are going to live that better, more satisfying life you must follow your ‘musts’ not those ‘shoulds’.”

You see, as you make even a little bit of progress in eliminating a fear you will gain a wonderful feeling of accomplishment and power and writing it down will help you push yourself to eliminate that fear. And never forget that it’s totally ok to approach this by taking baby steps, as Lao-Tzu was quoted as saying, “A journey of a thousand miles begins with a single step.”

 

 

Eliminating the Shoulds

April 14, 2017 by  
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If each of us is to live a much better and more fulfilling life, it’s very important that we move from living a life of things we ‘should’ do and move to a life of things we ‘must’ do. The ‘shoulds’ are the things that other people and institutions have told us we should and should not do while the ‘musts’ are those things we think and decide for ourselves.

So, the big question is, how does a person dump those ‘shoulds’ that were put on us by others? Many, if not most of the ‘shoulds’ of our lives were put on us when we were young and easily persuaded to do or not do certain things. Of course, as kids, we did need to be told what to do, what not to do, and how to act.  But if we want to live a total and satisfying life, one that is our life by our own design, then we need to move from the ‘should’ mindset that came from others to our own life of what we feel we ‘must’ do.  If we do that, then we can really follow our own dreams, ambitions, passions, and natural talents.

But how do we really get there?  How do we discover what we really want, who we really are, and what we want our lives to be?  First of all, according to the book we looked at last week, Elle Luna’s The Crossroads of Should and Must, it’s not easy to get rid of our ‘shoulds’ and move to our own designed ‘must’ list and life.

Elle says that “we need to know each ‘should’s’ origins, how it got there, and when we first began to integrate it into our decision-making … look for recurring patterns and choices both little and big that are affected.”

Luna further suggest that you “grab a piece of paper, and make a list of the ‘shoulds’ you hold on to by completing the sentences that I listed in last week’s blog. She adds that you should “listen to what comes up first and write it down … where did you come from? Are you true for me? Do I want to keep holding on to you?”

Think about how many ‘shoulds’ that have been put on you in so many parts of your life–religious beliefs, education and what you specifically studied, the job or occupation that your ended up in, your political leanings, and what you think you want to do for fun and for pleasure.  The list of these affected areas could go on and on. Of course, some of your list would be things that you personally chose for yourself and were not pushed on you but those that were not your choice need to be examined and eliminated if it’s not what you really want and not who you really are at your core.

Next week I will give Elle Luna’s suggested ways of how one goes about discovering who they really are and what you really want your life to be like. It’s not an easy process but it is so very worth the effort and the results that will make your life so very much better and more fulfilled.

 

 

Stress as Good And Bad

March 18, 2017 by  
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This week I want to talk about stress. I am even a bit stressed about getting this written in time to post it! There is a lot to stress about. Because of that people have come up with all sorts of ways and methods to reduce stress. However, stress can be good because it can push you to get more done and try harder to reach your goals. And, get this, you can actually learn how to make it so that even a ton of stress doesn’t hurt or ruin your health! I think you will be surprised and delighted to learn how to do this, as I was. But let’s examine how we think about stress for a minute.

As most people know, stress seems to be caused, for the most part, by our thinking and worrying about some future event–near or far. There is, however, two bits of really good news about stress. We all know that if we wanted to be a better or even a great tennis player, golfer, singer, writer, public speaker, etcetera, there are ways to become just that. One of the best methods is the “10,000-hour rule” as explained in Malcolm Gladwell’s book Outliers. (If you haven’t read the book, I think it’s a must.) It says you need to put in 10,000 hours at something to become world-class in that field.

From my experience and from what I read, we as humans can do “work outs” and do lots of “practice sessions” with and for our brains, just like we can invest those 10,000 hours to become the best at something. Part of the good news is that, when it’s needed, it doesn’t take 10,000 practice hours to reduce stress.

So, before I get to the good news about how stress isn’t always bad for you and your health, let me just list a few simple techniques that are easy to do to reduce or eliminate stress when you know it isn’t doing you any good:

  1. Take a walk outside.
  2. Take a run in a new neighborhood.
  3. Take a Hike.
  4. Meditate.
  5. Go to a yoga class.
  6. Share your problems or stress with others.
  7. Get a massage.
  8. Take a hot bath or jump in a hot tub.
  9. Do a good deed for someone else.
  10. Give or get hugs and kisses from friends and relatives.

These simple things are easy to do and are well known to work.

Okay, that is all well and good but what about the big shocker I’ve been hinting at? This is something that hit me hard. It has to do with changing a person’s thinking and how what they believe changes their health and life span. It is pretty amazing and I will cover it next week. But in the meantime, de-stress as needed and start getting used to the idea that it’s not always bad to be stressed. Then tune in next week to see what I mean!

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.

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