Clicky

Search:

Great Health Can Help You to Great Wealth 

March 3, 2017 by  
Filed under blog

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.

On the Way to 100

January 13, 2017 by  
Filed under blog

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.

 

Habits in Saving and Investing for the Future

January 6, 2017 by  
Filed under blog

For the average person, the key to wealth is summed up in that simple little thing called ‘savings’. Saving can also be the key to peace of mind such as in that old phrase “Saving for a rainy day,” which means setting money aside in case of an emergency. Saving up money is just a very smart thing to do and the new year is a great time to really get serious about that and your financial life.

Your financial future begins and depends on the idea of savings. Even those with small incomes that are living hand to mouth, thinking “we are just barely breaking even,” will need to save. Yes, it can be tough to save a little money from each pay check but with good planning, some self-discipline, and giving up on things that you thought you couldn’t live without, setting a little money aside is very possible. Yes, you may have to come up with a very tight budget and forego eating out at your favorite cafe and not buy that shirt or dress that you want so badly, but the rewards are so very worth it. In the long run, a little savings can amass a very large net worth and even a fortune, plus a good deal of peace of mind.

But saving money is just part of the big picture. As you are building up your financial nest egg it’s a good idea to keep your eyes open for real estate deals that look to have great potential, even when know your savings is not near enough yet for a down payment. And yes, I am talking about and recommending those fixer uppers and dirt bag houses or apartments that need work but whose value can be greatly increased. Keeping your eye out for those bargains is a great habit to get into. You can even make offers when you don’t have the down payment.

But why, you may ask, would you do that when you don’t have the down payment? Well, first of all, it’s a great way to work on your offer writing and negotiating skills and, second, if you really do find and tie up a great bargain there is always the real possibility that you can go find a partner to put up most or, sometimes, all the money with you still owning a percentage of that bargain.

When I first started my saving and investing plan, I very quickly saw the advantage of making offers with that good old “subject to” clause which allowed me to back out if I couldn’t get the down payment or finance it. This gave me a lot of practice and, yes, I even landed a couple great bargains and brought in a partner.

So, if you don’t have much money but want to get started, begin by saving as much as you can and get in the habit of looking for those bargains. Also, you might want to pass this kind of information and strategy onto your kids, grand kids, or friends that you know are struggling financially. This kind of thing may be just what they need to get focused and find their way to financial freedom.

It’s also smart to take the time to really study and fully understand the incredible power of financial leverage and then what compounding your money can do, even when you start with just small amounts of your money. When I saw what leverage and compound could do, it turned me on and motivated me to a super high level and pushed me to save even more money and cut back on most everything.  Anyone can do the same thing.

So, as we start this new year, consider saving more and looking into bargain real estate as one of your great new year’s resolutions!

Lifting our Lives in 2017

December 30, 2016 by  
Filed under blog

 

As you look at or contemplate what you will be doing in 2017 and beyond, be sure to take a very hard look at the financial category. Life is certainly much more than just money but with plenty of money your options and success with many of your other goals in life can be greatly expanded.

For example, I just discovered that before the great actor and governor of California, Arnold Schwarzenegger, was famous, he became a millionaire from … yep, you guessed it … investing in good ole real estate! So even if you’ve not yet started an investment program you can do so now with savings and investing goals for 2017. It may take some time to build your fortune and you may feel you have so little to contribute right now, but try never to forget the huge power of compounding your money. Compounding can multiply even a very small amount of money into millions of dollars. Certainly Arnold knows that from his experience and so do I.

Eight years ago, when I starting writing my weekly blog it was almost exclusively about taking a small amount of money and wisely investing it, mainly in real estate, to build a fortune for yourself or at least for you to make enough to live very comfortably and retire without ever diminishing your lifestyle. But I’ve also written about health and well-being, relationships and friends, and traveling to broaden one’s perspectives on living, along with many other subjects. But I’m thinking now that as we face another year it would be wise to refocus our attention and goal setting back to that money thing that can lift so many parts of our lives including the lives of those around us.

In the foreword of the book Tools of Titans, the author Tim Ferris quotes Schwarzenegger’s thoughts not only about real estate making Arnold a millionaire but about his many other accomplishments. “I am not a self-made man,” Schwarzenegger says. “I got a lot of help … I stood on the shoulders of giants,” which was his way of giving credit to his parents, coaches, and teachers.

We all need to realize and give so much credit to others that have helped us along the way and then step up and let others climb on our shoulders to lift them up. For me I give tons of credit for my success to my wonderful parents and to the great Bill Nickerson and what his book, How I Turned $1,000 into a Million in My Spare Time, did for me. I also need to credit the great Denver real estate guru, – who took me under his wing and showed me exactly how he turned a few thousand dollars into multi-millions over the years. You can read more about that great story on my June 24th, 2016 blog.

I’ve tried to help others through my investing advice, directions, books, lectures and conversations. I have received rewards of great appreciation and many thank-you’s which are worth so much more than money. One of my resolutions for 2017 is to be more helpful to others. To accomplish this, I need to go to work right now and write down the details and specific steps or actions that I am going to take to accomplish that very goal. What are your goals and do you have them written down yet? If not, let’s do it. There is no time to waste.

The Giving and Sharing Season

December 23, 2016 by  
Filed under blog

Before we get to talking about financial goals and money as I promised you last week, let’s talk about giving first. We can all give more and next week’s blog will help you finance all that you give.

Christmas is upon us and it’s the very best of seasons if we all get into the giving and sharing. There is something about giving to others that makes you feel so good and warms the soul. Most of us start by giving to our loved ones–our kids, grandkids, and spouse or significant other. The gifts don’t have to be gigantic but giving big gifts and a lot of them certainly doesn’t hurt the receiver or the giver. But don’t stop giving at just the family level. Think about your friends, even ones that you haven’t seen or heard from in years. It’s also great to give to strangers that are in need.

I’ve loved giving lots and lots of small gift to kids, not just at Christmas time but all the year round. As many of you know I love to order up $2 bills from the bank and give them at random to kids (although only when they are with a parent. I don’t want anyone to think I’m a creep.) It’s quite funny that the parent many times says, “Oh, those are so rare,” and yet anyone can get them from a bank. The kid and the parent are usually very surprised and delighted and thank me up and down with huge smiles on their faces.

I order 100 of the $2 bills at a time and have given away thousands. But the amazing thing is that as happy and delighted as the parents and kids are, I am even more stoked and happy than them. I usually tell the parent, “I think I’m being kinda of selfish because I get more pleasure, satisfaction, and joy from giving than the kids get in receiving.” I usually add the comment, “Plus, look, I invest $2 and I get back a $1000 dollar smile. I think that is a fantastic return on my investment!” So, I guess that giving can be a bit selfish but then again everyone seems to benefit from this kind of giving. Isn’t that what Christmas is all about, giving for the benefit of everyone?

So be more driven this year and give more and more for everyone’s benefit. And don’t forget that giving can be more than gifts and money–give love, give warmth, give complements … just give more of yourself.

 

The Easier Way to Reach Your Goals

November 12, 2016 by  
Filed under blog

 

Okay, first of all, there is no particularly ‘easy’ way to reach your goals but there are certainly easier ways and harder ways. Whether your goal is to make a million dollars, write a bestselling book or visit 100 different countries, the easier way to reach those goals includes a very simple thing … making lists. And I don’t mean in your head. I mean writing that list down. Why does writing out a list make reaching a goal easier? Because if you write it down it does some very good stuff inside your brain.

Chapter 7 in Henriette Klauser’s wonderful little book entitled Write It Down, MAKE IT HAPPEN tells the great story of her friend Sydne who turned her life around mainly from the single action of writing down her list of goals. Klauser says, “Writing a list gets it out of your head. Heads can be dark swamps, the conversations, the constant chatter, whatever you want to call it, keeps interfering. Writing a list gets it out of the swamp, onto paper. You can see a list in black and white and it’s real. When you reduce your goals to a list, it helps keep your focus.”

So, if you write your goals it basically changes things in your brain. She goes on to say that if your lists are very specific your brain will more likely help you reach those goals. “When you are vague and general, you are safe. Get to the essence of it; that’s when things happen. Nothing can happen when you’re generalized and safe–nothing changes.” When the writing of those lists put Sydne on the path of reaching virtually all her goals, her motto then became simply “Do it easy.”

The author’s advice is to “use listing as an opportunity to crystallize your intent–to learn what matters most to you.” She goes on to say, “Keep that list handy, and look at it regularly, especially if you lose heart or feel scared. Emblazon it in your mind. Repeat to yourself ‘This is what I want and it is waiting for me.’” Remember, keep your list very specific even for things such as buying a car. As the author says, “Don’t simply write ‘car’, write the type of car with make, model, and mileage.”

I must say that goal setting and writing down the specifics has changed my brain and improved my life in many and huge ways. When I was 27 years old I set the very specific goal to make a million dollars by the time I was 30 and yes I wrote it down and looked at that written goal on a regular basis. I went to work to find ways and means, along with great help from a couple of fantastic mentors, to hit my target. Oops I missed the goal, that is I missed the date by one year but reached it at age 31. Pretty much the same thing happened when I set the written goal to write a bestselling book. That book was How to Wake Up the Financial Genius Inside You which eventually sold over one million copies.

I am absolutely convinced that writing it down did in fact change my brain and made it all happen.  I know that it works and if you are not already writing your specific lists of goals down, I hope you start doing so right now.

 

 

I Have the Perfect Life—-Not

October 28, 2016 by  
Filed under blog

My last 2 blogs told of the super wonderful and exciting African Safari that my wife and I took along with our dear friend Francoise Eriksen. It was a perfect trip–all went well without any hiccups or unpleasant surprises! I’m guessing that some of my readers are thinking “Oh, what a perfect life that guy Mark has. He’s wealthy, had his 15 minutes of fame, probably lives in a mansion, and travels the world first class.”

I remember so vividly thinking exactly that as I read about the rich and famous people of the world. I really thought they must have had a perfect life—but, oh, how wrong I was.

p1020832Right after we returned from the African Safari two things happened. I watched and listened to a super famous and wealthy man on T.V. (worth hundreds of millions) talk about the tragedies in his life. He was miserable but how people all around him didn’t believe him. They really thought he had a smooth and perfect life without any bad stuff but that was so far from the truth and the reality of his life.

The second thing that happened was me coming down with the worst common cold that I’ve had in many years. Wow. Talk about major mucus and a constant hacking cough that left me breathless and with very little sleep. Ugh and super ugh! Then a thought struck me and I said to myself, “Wait a minute … why didn’t I appreciate and give great thanks for my super great health while on the Safari and, for that matter, the last 3 or 4 years that I’ve have without any sickness whatsoever?”

Isn’t it quite amazing that most of us human beings don’t appreciate or give thanks for what we have until we lose it–whether it’s our health, good relationships, money, our jobs, or–how about this one–living in a great and free country. I will say this … traveling through South Africa, Zambia and Zimbabwe I couldn’t help but think about how good we have it in this great country, even the poorest among us are better off than some of the people I observed as our train passed through African villages where they lived with terrible conditions.

So my message this week is, let’s all take time to pause and think about and take notice and appreciate our health, wealth (however large or small), relationships, and this great country that we live in. And let’s do that right now and not wait till we’ve lost some of it.

Next week I want to talk about some other challenges in my life. Everybody’s life, no matter how rich or famous, has its troubles and its tragedies as well as much to be grateful for.

Write it Down

September 30, 2016 by  
Filed under blog

If you have followed my blogs you know that I am a huge believer in goal setting. Goal setting can change your life and lift it to a much higher levels in so many parts of your life. Recently I came across an incredible book that has expanded my belief in goal setting as well as teaching me, among other things, some very fascinating science about how the setting of goals effects and influences the human brain.

The book is Write It Down, Make It Happen by Henriette Anne Klauser. She talks about and explains how writing a goal or putting a thought or question on paper alerts or activates a part of your brain known as the “reticular activating system” or RAS. As I read, I thought about my own experience and what a huge difference writing it down makes in my own goal setting. When I actually wrote the goal down on paper, rather than thinking it though and trying to set the goal just in my mind, the written goal really got to me and it wouldn’t let me go without me taking some action or at least making progress toward that goal. It’s almost like that note on paper took control of my brain and wouldn’t let go until I did something. And now after reading Klauser’s book I see that there are some actual scientific reasons for that—the RAS.

Thinking back all those years ago when I was 27 and decided I wanted to be a millionaire, I remember writing out my goal to hit a million-dollar net worth by the time I was 30 years old. At that time, I was making about $35,000 a year, so I certainly didn’t have much of a nest egg to get started toward my goal. But some very interesting things started happening in my head. My brain seemed to take over and I couldn’t help but take note of rich people and how they made their money. I began reading everything I saw that was related to making money. I read and studied various wealth formulas and financial secrets then began following and duplicating the wealth methods that I was learning from other people. It seemed that all this financial stuff was automatically falling in my lap. I see now that it must have been that good ol’ RAS at work.

One last tidbit of advice would be to start using a “tidbit journal”. As Klauser recommends, “purchase and carry with you a small memo pad to gather your ideas immediately as the come to you.” That’s great advice since it’s so easy to forget those little things that cross our minds when we are out and about. This little notepad/journal will become like a suggestion box for your brain.

Klauser goes on to say, “Carrying a tidbit journal makes you keener to the workings of the RAS. Having a wheel book or a tidbit book ready at hand stimulates your thalamus to alert the cortex, telling it, “Wake up. Open your eyes. Look and see. Be present to the signs all around you. Life is on your side”.

This is all so much good stuff. Remember writing it down starts to make it all happen. Our brains are so much better than I think most of us fully realize.

 

Just Do It with Baby Steps

September 9, 2016 by  
Filed under blog

 

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!

 

 

 

Begin Early on Goals and New Year’s Resolutions

September 8, 2016 by  
Filed under blog

It sure seems like this year of 2016 is winding down at a very fast pace.  I swear, time speeds up as you get older. Time moved so slowly when I was a kid but now it seems to just fly by.  We have just 4 Fridays left of this year which means I have this and 3 more posts for you in 2016. So, for these few posts left, I’m going to suggest that we all start early working on our goals and New Year’s resolutions for 2017. Let’s not wait until the last day or two and rush through what we want to do, experience, and become in the new year.

Starting early gives us more time to really think through what we want and need in our lives and I’m convinced that we will make better choices and set realistic goals as a result.  For many people, the most difficult challenge with New Year’s resolutions is trying to figure out what they actually want.  Some New Year’s goals are easy, such as: “I would like to visit 2 new countries in this next year.”  That’s pretty easy and then you pick the countries and set the date.  But many categorizes or parts of our lives are a bit more complex.  Like personal development goals, family goals, and goals determining what we want to do with the rest of our life that will make a difference in the world.

My suggestion and challenge for this week is for us to really do some deep thinking and come up with a list of what we really want to do, become and experience in the year 2017.  And as most of us know, if we begin by writing down what we come up with, it makes the process easier.  Here are two great questions to ask yourself that may help you figure out what it is you really like and want to do and experience. These questions were derived from Marshall Goldsmith’s great book, Mojo … How to get it, How to Keep it, How to Get It Back If You Lose It.

Look back at the last few years and think though your previous goals—think about what you did and what you experienced then ask:

  1. How much long-term benefit or meaning did I experience from these activities?
  2. How much short-term satisfaction or happiness did I experience in these activities?

After answering these questions, Goldsmith suggests that you evaluate each activity or experience on a 1 to 10 scale, with 10 being the best.  You’ll then be able to see what was truly worthwhile to you. Doing this little drill can help in setting your goals for the next year, now that you know what has worked best for you in the past.

Ready? Let’s get to it!

 

« Previous PageNext Page »