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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.

Bigger Rewards Than Money

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

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

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

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

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

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

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

Staying Excited about Your Goals

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

To dream the impossible dream,
To fight the unbeatable foe,
To bear with unbearable sorrow,
To run where the brave dare not go,
To right the unrightable wrong,
To love pure and chaste from afar,
To try, when your arms are too weary,
To reach the unreachable star–

This is my quest, to follow that star,
No matter how hopeless, no matter how far,
To fight for the right, without question or pause,
To be willing to march into hell for a heavenly cause!
And I know, if I’ll only be true to this glorious quest,
That my heart will lie peaceful and calm when I’m laid to my rest!

And the world will be better for this,
That one man, scorned and covered with scars,
Still strove, with his last ounce of courage,
To reach the unreachable star!

When Don Quixote set out on his quest he was an old man. But he pursued his goal with the energy of a man less than half his age. What kept him going? How was he able to stay so excited about his goal?

One thing that made a great difference was his commitment to the goal. He believed with all his heart that he was seeking to do the right thing. Do you believe in your goals? Do you really feel that they are best for you? Do those goals represent what you really want in life?

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

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

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!

 

 

Learning About What It Takes to Make it to 100 … from Kids

January 27, 2017 by  
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kauai kidsI’m am sure hoping that you, my reader, are not getting tired of me talking about being on the beautiful beaches of Kauai and sharing some of my insights and discoveries on life and living. Why? Well, because I’m once again on the beach and am still thinking, talking and writing about “100 wonderful ways to live to be 100”. I do, however, want to add one of my own to that list to make it the list of “101 Ways to Live to be 100.”

The list of 100 does include “have a family” but I would add this to the list:

101. Hang out, play with, observe, and learn lessons from your kids and grandkids.

This addition to the list is one activity that will certainly bring a smile to your face and, no doubt, will add years to your life. Right now, as I write this, I’m watching my son and grandson as they begin their snorkeling adventure not too far from the shoreline. Their excitement, especially my grandson’s, is so sky high because it’s such a new experience for him. Meanwhile, I can see my wife and our 4-year-old grandson and his 8-year-old sister having an absolute ball splashing in a very small and shallow pool of water surrounded by coral and lava rock. Such simple entertainment can bring such a high level of joy and happiness.

As adults, we can, and should, learn so much from these kids. Why do such simple activities bring so much pure joy and entertainment? It’s because these things are new and unusual for them and our brains are always seeking novelty. When we experience new things, our brains are stimulated to produce two brain chemicals that make us happy, excite us, and make us feel good. Those two brain chemicals are serotonin and dopamine. The problem with being adults is that basically we’ve been there and done that so many times that it’s not new, novel, or exciting to us.

Heavens … you can give a small kid a cardboard box and it can keep him entertained and happy for an hour or more as the kid crawls in and out, over and under, or makes it into as a hiding place. As adults, we can, and usually do, get great satisfaction and joy from just watching kids do these things, especially when those kids are having a blast doing them.

So, my 101 on the list is to take time to hang out and closely observe kids doing, what is to them, new things and watch how much joy and fun they get out of it. Then go one step further (and maybe this step should count as 102 on the list) and challenge yourself to come up with new activities, adventures and experiences that are very novel to you and that will most likely stimulate those two pleasurable brain chemicals.

I’m pretty darn certain that stimulating those brain chemicals is a major factor in how I push myself to visit new and different countries and cultures and to go out of my way to meet new people and make new friends. Just today I saw this very tall, good-looking guy at Walmart and noticed he had an accent. I just had to go up and ask where he was from. My guess from his height and accent was that he was Dutch. And, sure enough, he was from the Netherlands. Rob turned out to be a film maker vacationing in Kauai. Even though it was a short conversation, we decided to stay in touch and I walked away feeling great from the brief encounter because, yep, those two brain chemicals were at work.

What new and novel things excite you? If you need help identifying new things to do and try, just ask around and see what other novel and exciting things people are doing. These new experiences don’t need to be elaborate or expensive. The simple act of meeting Rob today was great, and even just driving through a totally different neighborhood, or walking, hiking or jogging on a new mountain trail can do the trick. Take time right now to make your own list. It can be eating at a new restaurant, eating a new type of food, trying out a new exercise, or making friends with complete strangers.

It’s all so worth it because not only does it make you feel good right now but it’s bound to help you live longer and live in better health–maybe even to live to be 100!!

On the Way to 100

January 13, 2017 by  
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It’s early January 2017 and I’m sitting on beautiful Shipwreck Beach in Kauai.  It’s the perfect temperature with a slight breeze and as I’m writing I’m also listening and watching kids, grand kids and adults laughing, playing and having an absolute blast!  To be in a place like this doesn’t take tons of money but it certainly helps, especially if you live a thousand or two thousand miles away from a warm beach.

I’ve talked quite a bit about new year’s resolutions and goals in the last few weeks, especially talking about that big financial goal or resolution you need to set for you self for 2017.  I must say, that no matter how important financial goals are, setting goals and resolutions for your health is just as important, or I should say much more important!  Look at the billions of dollars that Steve Jobs had, but all that money couldn’t buy his health or save him from the grim reaper.

I’m surely not saying that money can’t ever help your health. It really can by providing better doctors, hospitals, and the latest and greatest hi-tech procedures and medicine, but what you and I choose to do, day by day, can greatly increase our odds of having good health. We could even live to be 100 years old and arrive there in pretty good shape.

A  article from August of 2015, titled “100 Wonderful Ways to Live to 100”, quotes a book called The Longevity Project written by Howard S. Friedman and Leslie R. Martin.  In the article, it is explained that the authors’ research showed that “being conscientious was one of the best predictors of longevity. That’s because people who are conscientious may be more likely to abide by healthful behaviors, may be less prone to disease, and may find more success in relationships and in the workplace.”

In addition to that observation, I would like to share with you a few of the other article’s 100 ways to live to 100. Then maybe next week I’ll share a few more of the 100 wonderful ways and my thoughts on those. I should also add that almost all the 100 ways are backed up by good solid research. Here are a few easy one to keep in mind:

  • Don’t dread getting older…adults who developed positive attitudes about getting older live more than 7 years longer than those who had negative attitudes.
  • Find a life purpose.
  • Walk a lot.
  • Go meatless.
  • Try to keep your marriage friction-free.
  • Get your Mediterranean diet on.
  • Stop smoking.
  • Drink alcohol (but only in moderation).
  • Cut the sugar.
  • Drink your coffee-but only in moderation.
  • Join the 1 percent.

beach 1Yep, rich people live longer. It’s been proven in many studies!

Oops! I’ve got to stop for a few moments while I watch crazy, young, testosterone filled guys jump off the more than 100-foot-tall cliffs into the water. My son-in-law just did it and survived and went back and did it again. Ugh. It’s very scary.  Maybe I should add to the list of my rules for longevity and health not to take huge risks, like jumping off a cliff or out of a perfectly good airplane, even if I have 2 parachutes!

Ok, that’s all for this week. There will be a few more next week. In the meantime, let’s all go to work on these and set some hard and fast new year’s resolutions for our health and longevity.

 

The Big 5 and Brain Stimulation

October 14, 2016 by  
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Okay, I must start out this week exclaiming … WOW, WOW, DOUBLE WOW! That’s the kind of brain reaction most humans have when they experience something totally new, unexpected, and novel. I’ve had a ton of novel experiences in my 72 years of living and certainly a big part of that has been new places I’ve visited, new things I’ve seen, the people I met, and the activities I’ve been involved with in the 84 different countries I’ve visited.

In the last two weeks, however, I saw and experienced something totally different that I’ve ever seen or done before. And yes it was in a country that I’ve never even come close to before. In fact, four new countries in total. It was an African Safari! I never had it on my bucket list but some friends did it and said it was fantastic so I thought I’d give it a try even though just the thought of it made me very nervous.

We started the adventure by flying into Johannesburg, South Africa and after a few days we headed for Kruger National park. There we met out guide and his spotter man who rode on a platform on the front of the jeep, on the lookout for one of the “Big 5” (the 5 most dangerous animals for humans to hunt or to be around) and yes, he was armed with a big powerful rifle. So off we went looking for the wild ones. Less than an hour later the jeep stopped and the lookout man got off with his rifle in hand. He had spotted lion tracks. Off he went on foot into the wild using a radio to let our guide know exactly where he was and what he was seeing.

A short time later we left the beat up dirt road and dove over trees, bushes and huge rocks that I swear were about to tip us over. About 15 minutes later, there they were–a pride of 14 lions, 7 of which were cubs. My wife and I and a dear friend from Park City, Utah who joined us on the trip, were frozen in our seats as the lions slowly approached our very wide open jeep. The jeep had stopped but let me tell you my heart rate didn’t–it doubled! All I could think of was how easy it would be for the papa lion to leap into the jeep and have me for lunch. But slowly the entire pride walked by us, looking us in the eye and coming within 6 or 8 feet of the jeep! We watch as they walked away and then drove on to look for the next on the list of the big 5.

I want to talk more about what other brain pumping stuff we saw but I do want to emphasize that to introduce yourself to novel experiences and sights that really stimulate your brain you don’t actually have to travel to foreign countries, so please don’t think you have to go far and wide to pump up your brain. However, visiting other cultures and or countries or even other religions does help. There are lots of very simple things you can do that don’t cost a ton of money or take a lot of time that will pump up your brain.

My son David, for example, gets this with 2 AM phone calls for his volunteer search and rescue work which is very challenging. It takes him into the mountains, on cliffs, and into rivers and lakes. It’s very exciting, brain pumping, and life enhancing stuff for him and it’s all in areas not far from where he lives.

Next week I will talk about and suggest some other simple things each of us can do to pump up our brains and, as a result, enhance our lives.

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Just Do It with Baby Steps

September 9, 2016 by  
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As I mentioned last week, the way to reach huge goals is through the many little baby steps you take, one at a time, to get there. Reaching any big goal will have its difficulties but I think we all need to keep reminding ourselves that a big part of hitting our big goals is keeping focused on those baby steps and not being too hard on ourselves when our progress is not as fast as we want it to be.

This concept works for anything you are after. If one of your goals is to save up many thousands of dollars so you can make investments that will put you in a great position to retire, allowing you to do whatever you like such as traveling the world as you please like I do, you just start with a few baby steps. What those baby steps are depends on what you can manage. The important thing is to get started.

Let’s say you are on a real tight budget now and you just can’t afford to save the recommended 10% of your income. That’s okay, just make those baby steps do-able. You can squeeze your expenditures a bit and save just 2 or 3 percent for the time being, then after a while try to increase that to 5% and once you are doing that comfortably, push that towards 10%. The saving of just 2% right now might seem like it will never amount to big bucks, but over time it does add up because it helps you form a habit that makes it easier to increase the percentage as time goes on.

It’s not just money that works this way. For instance, most people would not think they could drop down and do 100 pushups without stopping, but most people could do 5, 10 or 20. To be able to do 100 pushups just use the baby steps concept by doing those 5 or 10 now and add a one or two more every other day and you may surprise yourself, and everybody around you especially if you or 70 or 80 years old, how easy it was for you to reach that goal!

The same goes for just about every goal we may set. Baby steps really can lead to world breaking records or at least big time records and success in your own life. And it’s always a good idea to share the baby step concept with your kids, parents and friends. Once they see how well you’re doing, it’s sure to motivate them to do better on their own goals. So share the idea and encourage those around you. If they follow it, they will not only feel great about their accomplishments but they are sure to give you lots of thanks and credit which feels pretty good!

 

 

 

Mojo Insights

July 8, 2016 by  
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Last week my wife and I hopped on a non-stop flight to London spending a few great days there in a hotel right by the Thames river and the London Eye.  We were also only 2 blocks away from all that Parliament action and the Brexit vote for Great Britain leaving the EU so it was a fairly historical moment to be there. Then we were off to Paris on the wonderful 200 mile-per-hour Eurostar train under the English Channel. It is such a smooth ride and we had such superb views of the English and French countryside and villages. The whole trip was wonderful but the beautiful ride and great times in London and Paris would not have been nearly as wonderful and fulfilling without the incredible book that my son gave me for Father’s day.

The book he gave me is called Mojo: How to Get It, How to Keep It, How to Get It Back If You Lose It by Marshall Goldsmith. It re-opened my eyes to things I already knew but, like so many people, I had not been paying attention to or acting on. The mojo that Marshall is talking about is that positive spirit that speaks to what we are doing now, the spirit that starts from the inside and radiates to the outside. Mojo is at its peak when we are experiencing both happiness and meaning in what we are doing and when we communicate these experiences to the world around us.

Let me give you a few “factors”, as the author calls them, that jumped out at me and motivated me to again look at myself.  He asks 4 questions and, of course, in the book he addresses each one of them with some very good answers. They are listed categorically:

“Our professional and personal Mojo is impacted by …”

  1. Identity (Who do you think you are?)
  2. Achievement (What have you done lately?)
  3. Reputation (Who do other people think you are–and what have you done lately?)
  4. Acceptance (What can you change–and when do you need to just “let it go?)

Those questions really got me thinking and I took a much deeper look at myself because I really have lost some of my Mojo. So much of my identity is based on what I was years ago and what I did then.  But the good news is that whoever we are now we can change if we really want to as long as we are willing to look at ourselves deeply and fairly.

Here are 2 other great points he makes that are very powerful and helpful. Marshal says, “…worrying about the past and being anxious about the future can easily destroy our Mojo. This sort of thinking afflicts the high and low, the rich and the poor, the achievers and the struggling.”  The other point has to do with a way to regain your lost Mojo, encompassed by the simple statement “Forgive yourself for being who you are.” In other words, we all need to work on our acceptance of others and of ourselves. He goes on to say, “I am in no way suggesting that you should not try to create change and try to make the world a better place. I am suggesting that you change what you can and let go of what you cannot change.”

Next week, I will to continue to give you some other wonderful insights into our Mojo from Marshall’s book and talk about what we can do to make it that much better. In the meantime, answer the questions you see here and see what insights come to you from this simple exercise.

 

 

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