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I Have the Perfect Life—-Not

October 28, 2016 by  
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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  
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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  
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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!

 

 

 

Begin Early on Goals and New Year’s Resolutions

September 8, 2016 by  
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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!

 

Breaking Big Goals into Baby Steps

September 2, 2016 by  
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A couple weeks ago I suddenly realized that since I got a Fitbit and starting keeping track of my daily steps that my 4,000 steps a day had slowly risen to more than 20,000 steps a day. I had walked the equivalent of a third way around the world since I began with my goal of more movement and more exercise. My big goal now is to walk all the way around the world–or rather the equivalent of that.

I am a big believer in setting big goals, in just about every aspect of life. I’m talking about diet, weight control, fasting for health, and of course in financial matters. But how do you accomplish these huge goals? You take it just one baby step at a time. My January 7th blog was all about how after you set a big goal, it’s a very good idea to concentrate on taking baby steps so you are less likely to get discouraged and give up when you don’t think you are going to reach your goal.

For example, I read a study years ago that going without food for 24 hours every week or even every month is very good for your overall health, longevity and, of course, weight control. Knowing that, I started with baby steps by skipping a meal every few days and then slowly I took another baby step and skipped 2 meals in a day which lead me to go 24 hours with any food and only drinking water.

Those baby steps lead me to hit a big goal I set, one that seemed almost impossible when I set it. The big goal was to go a full week without food and believe it or not I did just that. The first and second day were the toughest but after that it wasn’t nearly as hard as I thought it would be! And wow did I ever feel fantastic toward the end and even after it was all over. I then felt that I could accomplish almost anything in entire the world!

That is just one example of how small steps can add up to something really big. Next week I will talk about how you can do this with your financial goals and the importance of sharing what you learn when you see how baby steps can work for you.

Rewards Beyond Fortune and Fame

August 26, 2016 by  
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When I was young I was so very much into myself.  I craved success, financial and non-financial.  Oh man, how I wanted to be rich and famous! I went after both with great passion and energy. I worked hard and long to reach my goals. They consumed me!  And after many years, it paid off. I made millions and even got my 15 minutes of fame with a segment on Tom Brokaw’s nation wide NBC news show and a front page story in the Wall Street Journal. And yes, I thought I was pretty hot stuff. It was all very satisfying and rewarding.

However, over the years my idea about what is truly rewarding changed. Just 2 weeks ago I received the richest reward I could hope for, one that far exceeds the rewards that I had from fame and fortune. It happened on a little island called Whidbey, just west of Seattle Washington.  I had taken some of my kids and grandkids for a summer vacation and we stayed at an absolutely beautiful multi-acre estate called Quintessa owned by 2 lovely ladies, Tessa and Carrie.

My wonderful and huge reward came when Tessa, after learning my name, told me about how my books, tapes, and periodical, The Financial Freedom Report, was the key that motivated her to buy a number of income properties, including the heavily wooded Quintessa Estate with its ocean view and accommodations for up to 32 people.

Tessa stood there and thanked me so many times it was almost embarrassing. In the last 10 to 15 years, I have received many, many letters, emails, and phone calls with thanks and appreciation from people whose lives have been financially improved, but Tessa’s story and her enthusiasm given to me in person was like getting hit in the face with a brick–a good brick of course!  It brought to my mind, very forcefully, just how much more value and reward there is in helping people, so much more than fortune and fame.

The irony is that back in my younger days I was being very selfish, seeking my own fame and fortune but over time it led to helping many other people which was an unexpected bonus and a wonderful reward. It certainly made me want to work harder to help more people. I found I wanted more of that wonderful feeling, a feeling that surpasses anything I get from fortune and fame.  It took a bit of time to learn that lesson but I don’t think I will ever forget it.

So let’s all try to reach out and help those around us, whether it be family, friends or complete strangers. You may not even know what you have to offer but the rewards for finding out are amazing.

P.S. If you want to stay at the Quintessa estate, it is located at 3493 French Road, Clinton, WA, 98236, or contact them by email at thequintessa@gmail.com. Quintessa is set up in such a way as to help our kids and grandkids do some major bonding which is exactly what happened!

 

Following the Rules of Law and Honesty

August 19, 2016 by  
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As I mentioned last week, if you really want a fast rise to the top of your financial mountain, you may want to consider bringing on partners. Partners can give you so much more leverage. Sounds simple, right? Well, there is a bit more to it because there are laws that govern when you seek or solicit other people’s money, rules that were put in place to keep investors and their large investments safe.  That’s the first big key item to be aware of when bringing on partners. The second is that you will benefit tremendously from being completely honest as well as understating earnings expectations but I’ll talk more about that in a minute.

What the law says about soliciting other people’s money for your investments varies according to the type of investment. For complex and higher-risk investments, US law requires that the people that you approach must be so-called ‘accredited investors’ or ‘qualified investors’.  They need to have a minimum of a million dollars’ net worth (excluding their residence) or have at least $200,000 dollars in annual income (or $300,000 of joint income) each year in the last couple years to qualify. This law helps to insure these investors are in a position to make large investments as well as being people who should have the knowledge to wisely handling their finances.

You are not required to audit your partners to prove their financial standing but if it’s obvious that a potential investor is fudging their numbers, then you need to use common sense and back away from that investor. There are some lower requirements if you raise money by alternative finance means such as crowdfunding (collecting funds in small amounts from a large number of people) but the total amount of money that you can accept is limited.  Bottom line here is when you are looking for partners you should only approach those people that you are pretty certain qualify under the rules for your country and state. So know the laws that would govern your dealings with investors.

Now, onto the second key item for super success. This is a pretty simple concept but it’s one that far too many people miss out on.  A primary reason this next key item is so important is because it can bring in additional investors without hardly any effort on your part.  And all you have to do is be totally upfront and honest with your partners and never over estimate what the financial return to the investor is going to be.  If anything, under estimate and try to over deliver.  No one minds being surprised that they made more money than they were led to expect they would.

Not long ago, I was looking for a partner to invest in a very secure property that I had found. I was pretty sure I could deliver an 8% annual return on it but I told the investor that I thought the return would be around 7%. So, when I later on delivered an 8% return the investor was so pleased that he told other potential investors about his experience. That is how you get a lot of new investors. It is also the best way to advertise or market your products, if you have any.  The thing to remember is that people will more readily trust someone or be ready to buy from them because someone they know and trust referred them.

So if you are in a hurry to make a lot of money, consider the partner option but follow the rules and take good care of you partners.  The extra bonus to you is that as you help your partners improve their financial status and situation you will receive many thanks and appreciative comments. It is such a great feeling to know that you are helping other people as you help yourself too!

How to Double Your Financial Leverage

August 13, 2016 by  
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Leverage is a great tool you can use to grow very, very wealthy and do it fairly quickly, but there is another faster way to make the financial returns even bigger! I like to call this bigger and better way “Super Duper Leverage” because it really can magnify your return on investments and at a more rapid pace. The method involves bringing a partner or partners in on your deals.

In my early years of investing in real estate, I didn’t have any partners. All the money that was needed on a deal was mine and, of course, there would be the loan from the bank or from the seller of the property. But then I came across a super bargain on a 100 unit apartment building that I just had to have because I knew that it was going to be a huge money maker. The only problem was that I didn’t have enough money for the down payment.

However, as luck would have it, the real estate agent told me she had a friend that could put up a huge part of the down payment. To make a long story short, I put up what I had and this guy, who I’d never met before, living up in Idaho, put up the majority of the down payment.

Fast forward a few years … I sold the property giving the investor/partner hundreds of thousands of dollars’ in profit. The great part about this though, is that I also made the same profit but on my much smaller investment. The return was several times the amount I put in so I was thrilled and not only that, my new partner was happy as a clam, seeing he had put his money into a great deal with a partner that didn’t let him down.

Bottom line is that, with this partner putting up most of the money I was able to achieve a huge return on my investment–a much, much bigger return than I could ever have gotten on my own—and my partner had a big win as well! That’s what I call “Super Duper Leverage”.

If I’d been more aggressive after learning and profiting from the lesson I learned from that great deal, I probably could have kept up with my most successful student and follower, Dell Loy Hansen, who bought my book when he was in college. He eventually found a gold mine of very wealthy partners who, over time, joined him in multimillion dollar deals to the point that Dell now has over a billion dollars’ worth of property. Wow. Talk about “Super Duper Leverage”!

I want to elaborate on this subject more next week and give you some methods and ways to find and keep partners so as to be able to leverage your investments to the max. I’ll also talk about the legal aspects and the caution you need to use so as to do it the right way without legal troubles. You can certainly make a great deal of money with a partner but you also need to do it smart so you keep what you make and can go on to make even bigger and better investments with partners who trust you and keep coming back for more.

 

 

Compounding My Thanks

July 1, 2016 by  
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Continuing with my thank you notes I started last week, I’d like to thank the man I call “Mr. Motivator”. He showed me the importance of goal setting which helps, and almost automatically pushes and pulls you, to achieve things you didn’t think you could do at first. That person was Mr. Paul J. Meyer of Waco, Texas. He started with nothing and went on to make around $500 million by motivating others and showing them how to do the same thing.

Paul started SMI, the Success Motivation Institute, which has spread worldwide, inspiring and motivating millions of people around the globe, including myself. I’ve told you a bit about him and the story of how I came to meet him, right here on this blog, so you probably know he and I became very good friends. I truly owe a huge thanks to Mr. Paul J. Meyer and, of course, also his lovely and wonderful wife, Jane.

Notes of thanks could not be sent out without acknowledging a particularly brilliant writer and marketer that came into my life. This man showed me how to successfully spread my financial message through advertising. My ‘Mr. Mass Marketer’ is otherwise known to me as Joe Karbo of Huntington Beach, California. Because of the brilliant mass advertising methods of his that I followed, I sold over 2 million copies of my first book which helped me launch a very large seminar company. That helped me spread the financial formulas and motivation techniques that Larry Rosenberg and Paul J. Meyer taught me.

What was Joe’s brilliant marketing method? Well, he ran a brilliant full page ad that I saw entitled “The Lazy Man’s Way to Riches” with the enticing subtitle, “Most people are too busy earning a living to make any money.” I saw the ad in the Times Newspaper back on March 2nd, 1979 (I still have the original copy). It took me a lot of phone calls but I finally got to meet and know Joe and we became friends. He coached me through some amazing mass marketing success.

So thanks Joe Karbo. You helped me and you helped the world more than you are your posterity will ever know. This is true for all the great human beings I’ve mentioned in the last few weeks. Where would I be without them? Where would you be without your super motivating people

The People Who Changed My Life

June 24, 2016 by  
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Last week I said that I was going to give appreciation and thanks to those people that inspired, helped and directed my life and personal development and those that lifted my financial life to great heights.

The first and probably most powerful financial mentor was Larry Rosenberg of Denver, Colorado. Before Larry came into my life I had read a few financial books that somewhat helped me start to improve my financial situation, books that taught me that the first step is to save money out of each paycheck, at least 10% but more if you can swing it.

However, what Larry Rosenberg really did to lift my financial sights to great heights was to show me what he’d done, starting basically from scratch, using financial leverage and compounding. When he sat down with me and showed me on paper what could be done with as little as $1,000 dollars, a few years’ time, and hard work, I was blown away. Thousands turned into millions and it wasn’t just a theory. He had done it! I quickly saw, and he agreed, that I could do the same thing. So I set out on my financial path and yes, it lead me to millions.

So thank you Larry. I appreciate you and I will never forget you. You not only influenced and lifted my financial world but because of you I’ve passed your directions and formulas onto literally thousands of other people. Your great influence is huge and growing and it’s so big it’s probably unmeasurable.

Larry also put me onto Bill Nickerson’s great book, How I turned $1000 into Millions in My Spare Time, in Real Estate, which gave me more details on what I should be doing and how. Later I was privileged to meet and get to know Bill very well. So a big thanks to Mr. Bill Nickerson too!

These two gentleman were a big influence but there are still more to thank. Next week, I’ll send out a few more thank you notes and show you what people have done for me and, in turn, for you!

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