Just a Little ANT Spray

Last week I talked about those damn ANTS (Automatic Negative Thoughts) and how they can invade you and influence your body and your brain. Sometimes they come by the dozens or even hundreds and can ruin your hour, day or even your life.  So how does a person get rid of those ANT’s—what do we use for an ‘ANT’ spray? How do we program our brains to stop the ANT’s from marching one by one through our minds?

Here’s 3 ways to control those ANT’s, given to us by Dr. Daniel G. Amen.  He and others have discovered that just like negative thoughts that can go deep into the limbic system of the brain, happy thoughts have been shown to affect a person by “cooling of the deep limbic system”.

No. 1: When you have those ANT’s, try to quickly think happy thoughts that can push the negative ones out. “Every time you have a good thought, a happy thought, a hopeful thought or a kind thought, your brain releases chemicals that make your body feel good (and cools your deep limbic system),” says Dr. Amen.

No. 2.  Your thoughts are not always correct. “Your thoughts do not always tell the truth,” Dr. Amen again tells us. “You don’t have to believe every thought that goes through your head”. The lesson here is to challenge those negative thoughts that you at all suspect are not true.

No. 3.  Pay more attention to your thoughts. That is, be very aware of what your chatter box is saying, pay attention, and when they are negative, talk back to them.  To quote Amen, “If you can correct negative thoughts, you take away their power over you.”  He goes on to say, “One way to crush these ANT’s is to write them down and talk back to them.  When you write down negative thoughts and talk back to them you take away their power and help yourself feel better.”

Last night I had some very negative thoughts as I didn’t plan on staying the night in cold Idaho Falls, Idaho. I was visiting my brother and had the entire day planned out, but a minor car problem had made it impossible for me to drive home.  As a result, I was having an invasion of ANT’s. So I started talking to myself and changing those negative thoughts to “Hey, wait a minute. Now I can spend more time with my brother and his wife and talk about all the good memories of our childhood etc.” Wow, things started to change big time in my head. I took a long walk in the brisk night air and listened to the loud mooing of the cows and the strong field and farm aromas, staring into the beautiful sunset sky as I watched literally hundreds of geese flying overhead. My brain, my mood, my whole being was lifted so high I felt I was 50 years younger. It brought back so many fond childhood memories and I felt I was walking on air.  Talk about quickly killing thousands of ANT’s!

Even now, a day later, my body is still reaping the huge benefits of denying the negative thoughts and replacing them with positive brain activity. It’s not just a momentary thing that you change when you get rid of those ANTs, it’s can contribute to a whole better outlook on life.

 

 

Eradicating ANTs–It’s a Mind-Body Connection

You are walking along the side of a busy road when suddenly a car swerves and is heading right for you! You are just ready to jump out of its way when the car self corrects and doesn’t even come close to hitting you. So now how do you feel? Well, if you are like everyone else on this planet you’d feel a huge rush of adrenaline flow through your entire body. So what just happened? Well it’s pretty simple. Your brain sent a super quick signal to your body to prepare it to take evasive action. That action may even have been you jumping faster and further than you ever thought possible.

I don’t think that the average person really understands or fully appreciates how big the connection is between the brain and the body. You see science has pretty much proved that our thoughts send electric signals throughout our brain. Yes, our thoughts have physical properties. Then messages can and do get sent to virtually every cell in your body. Why is knowing this important? Because by using or directing our brains and thoughts we can overcome anger, depression, sadness, negative thinking and yes, even our body temperature, heart rate and blood pressure.

A few days ago my daughter shared with me a manuscript written by Daniel G. Amen, MD (I think it came from one of his many books) entitled “Ant Therapy” or “How to Develop Your Own Internal Anteater to Eradicate Automatic Negative Thoughts”(otherwise known as ANT’s). A fascinating read indeed. It’s all about understanding the direct connection between thoughts and your body and how to automatically turn negative thoughts into positive ones to greatly improve your life and relationships.

The connection between mind and body he points out is clearly shown by observing a polygraph or lie detector test. He points out that a lie detector test measures heart rate, blood pressure, breathe rate, muscle tension and how much the hands sweat. He goes on to state, “The tester then asks questions like ‘Did you do that thing?’ If the person did the bad thing his body is likely to have a ‘stress’ response and it is likely to react in the following ways: hands get colder, heart goes faster, blood pressure goes up, breathing gets faster, muscles get tight and hands sweat more.” And all of that is the results of the brain sending messages to the body.

If we really understand what is happening in our brains, we then can turn things totally around and start reaping big benefits for our bodies and life. Amen further says, and we all need to burn this into our brains, “Remember, the deep limbic system is responsible for translating our emotional state into the physical feeling of relaxation or tension.”

So how do we control or program our brains to automatically turn our negative thoughts that are causing problems in our lives to positive ones that will improve virtually everything we do? Those answers will be given in next week’s post. But do consider sharing this weeks’ blog along with next with week’s with friends or relatives that you think might benefit from knowing more about the brain body connection and how to control it.

Employing the AB Split

Yesterday I sat down with a young man who asked for a little mentoring from me.  He had started writing a novel and wanted some coaching as to how he could get a publisher and or a literary agent.  I explained to him, first of all, how tough it was to get a publisher.  There are over 200,000 new books published every year and probably 10 times that many books that try to get published but are turned down.  I told him how I eventually got my first book published and how that didn’t happen until I had sold several hundred thousand copies by myself. Of course, he wanted to know how I did that. What I told him is something that can help anyone to achieve great success with almost any venture they are interested in pursuing.

Many years ago one of my mentors introduced me to a very simple but very powerful method of marketing.  In simple terms it’s called an AB split—it’s an easy way to measure anything from what price is the best price to charge to what words in an advertisement, book title, product name or anything else will be the best to use to grab people’s attention.

You can test two prices in a newspaper ad, for instance, by spending just a few extra bucks to have one ad show a $25 price printed in half the newspapers, then list a $45 price in the other half of the print run.  After looking at the orders you receive, you will know which price your customers preferred by simply counting up the orders you received for each price listed. The same AB split can be used with snail mailings or internet marketing, radio, TV or phone solicitations. And that’s just the beginning.  You can test what title would be best for a new book, or the best headline for an advertisement or the best words and story to tell in the body copy of a lengthy ad.

When I couldn’t get a publisher to take on my first book I began using the AB split method and quickly and quite inexpensively found out that the “How to Wake up the Financial Genius Inside You” title of the book and the headline in my advertisements was far superior to the headline “How to Become a Millionaire”.  I then used the AB split to discover what price was best, using newspapers, mailings and TV ads.  Wow, once I found the best price and the best headlines and body copy to use, things went crazy as I began advertising just about everywhere, in newspapers, radio, TV and mass mailings.  The orders came rolling in by the thousands and eventually that money led me to publish a newsletter that morphed into a magazine with over 50,000 subscribers.  All of that, plus some, coming primarily from the use of the AB split method.

I don’t know what the young man who wants to be a big time novelist will do with what I told him but if he applies the AB concept to getting his book out there and sticks with it, I’m pretty sure he’ll soon see huge numbers for his book along with many lifetime rewards and a ton of satisfaction.

Forging Past the Fear

Well I did it! I gave my one-hour presentation to the MBA students at Utah State University on ‘How to Make Millions by Wise Investing’. If you recall from last week’s post, this speech had caused me some fear and anxiety. But after 5 or 10 minutes the fear and anxiety that had been gripping me diminished and finally totally disappeared. The students were great, as was the professor. They asked some great questions and it all went quite well. Yay! I guess I acted out the title of Susan Jeffers great little book Feel the Fear and Do It Anyway.

It’s fascinating to me that a huge percentage of people don’t step outside their comfort zone when it comes to investing as a direct result from that thing we know as fear. It might be fear of the unknown, fear of losing their money or sometimes just plain fear of taking any risks at all. I look back at my younger years (now called “my warrior years”) and remember how quite a few of my peers, people that were just as smart as me and sometimes a lot smarter, knew what I was doing and how I was doing it and, yes, knew that I was having some very big financial gains. However, they didn’t dare step up to do the same thing I was doing. I’m pretty sure the reason was primarily because of fear.

Looking back now I’m pretty sure I didn’t share with them that I had huge fears myself. The thing is, I forged ahead anyways and took the risks and it paid off. I wish I could go back in time and share those fears that I felt with those friends. I think if I had done that then many of those people might have taken a few more calculated risks, pushing past their fears and ending up with the kind of success that I experienced.

I think you would agree that many of our fears come from us thinking  things like “Oh, what if I fail? What will my friends and family think of me? What if I lose all my money?” But like I told the MBA’s, everyone fails from time to time! The key is to learn from your mistakes and be sure not to beat yourself up. It’s okay to fail. No human is immune to failure but if you pick yourself up and keep trying, your success, in investing to create your fortune or just about any part of your life, will far outweigh your failures.

Battling Fear in the Great ‘Right Now’

Fear and anxiety is something all of us experience from time to time in our lives—sometimes more often than we care to admit.  We fear and stress over big things that might not, and usually never, happen. They are these little things that can get stuck in our brains day after day that bug us and don’t let go. As a matter of fact I am experiencing a bit of fear and stress right now over something that logically shouldn’t bother me, something I’ve been through many, many times and logically I shouldn’t have any fear at this point. That fear and anxiety is all wrapped up in my head over a speech I’ve been asked to give to a group of MBA students at Utah State University.  Even though it’s not scheduled until next week and I’ve given many hundreds of presentations and seminars on the same subject over the years, I’ve still been worrying myself into a bit of a frenzy.

Part of the problem is that I haven’t given any speeches for a very long time  That shouldn’t bother me since I know my financial subject backward and forward and I’m sure none of the kids (Oops! I mean the MBA college students!) don’t have near the experience or knowledge of the subject I’ll be presenting.  So I really shouldn’t be stressing.  But of course our fears and worries aren’t necessarily logical or based on any facts. And furthermore I’m almost positive, based partly experience, that when my presentation is all finish I will think back and laugh at myself for being so uptight.

For most of us normal and average human beings it’s the same story–we fear things that may happen in the future even though most of what we fear never happens. So what is the lesson to be learned from all this?  It’s an old subject, an old lesson but one that we need to constantly be vigilant in observing and monitoring–that self-talk or negative chatter box inside our head.  We need to keep directing that self-talk to bring our thoughts from future thinking to thinking and living in the great ‘right now’!

Just taking time to write about my fear and anxiety over next week’s speech has already given my brain a calming feeling and the worry and stress has dropped considerably. Wow … I guess that is another lesson to learn! If we open up and talk or write about the fears and anxiety that we have in our heads, sharing it with others, that sharing can act as a kind of magic cure.

Well, I think I better get to work and outline and practice my presentation for the MBA students next week–that also reduces stress and anxiety.

 

The Difference a World View Makes

 

As I write this, I am flying at 32,000 feet over the Atlantic Ocean. Yes, that might be a pretty incredible thing for some but the incredible things on my mind are the wonderful people that we met in Ireland and the great beauty of the country side. We just spent 8 days there (my wife is part Irish but had never visited Ireland). What a wonderful country, with the greenest of  green lands  you’ll ever see and such friendly, kind people.  We flew into Dublin and rented a car then had the scary experience of driving on the wrong side of the road-at least it’s the wrong side as far as us Americans are concerned. I only screwed up twice but quickly corrected and we survived!

We drove from Dublin up to what is called the Carton House, a huge estate with a castle that is now fixed up as a hotel complete with two 18 hole golf courses and all kinds of other amenities. You see, my wife is a Carton and her family history was traced way back hundreds of years ago to the Cartons and the Fitzgeralds, both famous and very well to do families of Ireland. So we just had to visit and stay in the Carton house. We had a great time there and later drove (very carefully) to Kilkenny, the town made fun of on South Park.

Just before we left, we watched the big Gaelic Football finals. I’d never heard of the game before. It’s a combination between soccer, American football and basketball. They run with the ball, dribble it, pass it forward and backward, and kick it for a score. It’s a hugely exciting game; I loved it.

So there we were in an Irish Pub just a few blocks from the stadium packed with over 80,000 screaming fans and next to us was a beautiful couple. In short order we struck up a conversation and discovered they were from Hungary. They were such fun people. I liked them so much I insisted that I buy their lunch. It was like we were almost best friends by the time we finished lunch. That was such a great feeling and left me with such great memories. I sure hope to see them again some time, some place.

That chance meeting brought back memories of all the great people I’ve met in my life from so many different countries and cultures. I’ve had the great privilege of experiencing so much of this great world we live in and have learned so many great lessons from other cultures and peoples from my travels. The biggest life lesson I’ve learned from all these travels, at least for me is simply this:

To visit other countries and cultures and other people with different beliefs, habits and different views of the world can give us all a better and bigger mind and help you and I to be more open minded and accepting of others.

And that, my friends, is what this world needs more of. In my own personal opinion that would lead to a much more peaceful and war free world and would be a big blessing to each and every one of us. Do you see my point? I can only hope that you too will agree.

 

 

The ‘Refrain but Don’t Repress’ Approach to Destroying Bad Habits

As human beings, we have many good habits that we’ve formed and held onto in our lives and then there are some bad habits that we’d really like to dump. Like most of us, you have probably observed and experienced how very difficult it is to change bad habits, whether the bad habit is overeating, overworking, sleeping too much or too little, watching too much TV, checking our email or text compulsively or some even worse habit or addiction.

In the last few weeks I’ve been reading an incredible book that I believe sheds tremendous light on habits including how to form good ones and how to break bad ones. The book by Pema Chodron is entitled Living Beautifully. I must admit that even though I’ve formed lots of good habits that have led to some very wonderful and rewarding successes in parts of my life, I’ve also had some bad habits that have hurt me, and it’s been so very frustrating for me to try to break or change the bad ones only to fail and fall back into them. But Pema’s book has some real answers and directions that, so far, seem to be a quite a breakthrough.

First of all, she outlines that part of the reason we have trouble breaking bad habits is because we are too hard on ourselves.  What most of us do when we end up doing something that we’ve tried to stop doing, is to get mad at ourselves, beating ourselves up mentally, then we try to repress our thinking and whatever we did that broke our promise to ourselves. She strongly suggests that instead, we come to recognize that we are fundamentally good rather than fundamentally flawed.

Probably Pema’s biggest lesson for us is a bit surprising. She suggests that if we are trying to break a bad habit, we need to think hard on refraining from doing what we promised ourselves but DON’T repress it. She goes on to say that many bad habits come from us trying to escape from uncertainty and fear in our lives in particular situations.  So when we are faced with the desire to fall into that bad habit, we need to examine our thinking to see what led us to that point and then just try to refrain from that action but not repress those thoughts.

Pema has science backing her up on this issue.  She says “Science is demonstrating that every time we refrain but don’t repress, new neural pathways open up in the brain. In not taking the old escape routes, we’re predisposing ourselves to a new way of seeing ourselves, a new way of relating to the mysteriously unpredictable world in which we live.” And in the process we are hard wiring our brain to do the right thing automatically.

What I learned from Pema is already working well on a couple bad habits that I’ve been trying to break for years and I am so pleased!! Try it yourself and you may well see what I mean and find success.

Real Estate Investing: The Advantages Never Change

Yesterday I was going through a bunch of old files and I came across a large envelope that my good friend Joe Sugarman sent me. Joe is the founder of the company that introduced the Blueblocker sunglasses that sold millions, making Joe a very, very rich man. In the package was a few of my old ads that Joe had kept.  On the old yellowed paper I re-read one of my first half page ads printed in the Wall Street Journal on January 25, 1977. The headline read “How to Achieve Total Financial Freedom”.  I am totally convinced that the reason the ad sold so many copies of my first book, How to Wake Up the Financial Genius Inside You, had less to do with the semi-catchy headline than the sub-header that read, “Millionaires Are Not 100 Times Smarter Than You, They Just Know The Wealth Formula”. I’m sure that most people read that and it rang true to them. Because it is true.

In the body of the ad I went on to say, “Millionaires are not 100 or even 10 times smarter than you , but it is a fact that millionaires are making 10 to 50 or even 100 times more than you.” Additionally, I should consider that millionaires are not working 100 or even 20 times harder or longer than you either. There are not enough hours in the day to work 20 times longer than your average worker! And now, 38 years later, I can clearly see that the formula to making big money and accumulating great wealth is basically the same today as it was way back then.

I can tell you for sure that if I were just starting out now as a young man without any money to speak of, just like I was years ago, I would pursue the same path as I did back then.  The only difference would be that I might be a little more aggressive today than I was then. Today’s market is ripe for the picking!  For the most part the only push back that I have had in recent years from readers of the Financial Genius book is that buying properties at the prices given in the book are just not possible in today’s market.  And those critics are absolutely correct, but the ratios are still pretty much the same.  In other words today you can’t find “dirt bag” properties for prices like $40,000 or $50,000 in most markets. And that’s correct.  But the ratios for what you can make on your investment are still the same.

In many cases, you can gain a 33% value increase on a dirt bag property you fix up. On a $50,000 property, that would be a little more than $66,000. But today, you may have to pay $120,000 or $200,000 dollars for a beat up property but after fixing it up, you could sell the $120,000 purchase for at least $159,000 and the $200,000 investment for $266,000 or more. Yes, these numbers don’t take into account the money you spent on fixing it up, but if you leveraged the deal with a mortgage–using someone else’s money to make money–you will find that the return on your investment goes up a ton and will usually more than make up for your fix up expenses.  So bottom line here is don’t get hung up on the lower price examples in the book, invest and pay attention to the percentages you can gain.

To help with that, I have recently updated my Financial Genius book. It will be going to the printer before too long and I will let you know here when it’s ready for ordering.

The Failing of Stock Market Investments: Human Nature

In last week’s blog I talked about the wild stock market moves and the huge sell off, which was followed quickly by a rebound of prices. Since then we’ve had another pull back of prices once again erasing some of the gains. Some people would point to the big spring back of prices and make the argument against my conclusion that for most people investing in ‘real estate’ is a much better place for their money.

It is true that, in most cases, the market does rebound and in the long run you can make some money there as long as you buy good growing companies. The key here, as Warren Buffett has preached for years, is to buy the right stocks and hold them for the very long term. The big problem, however, is most people don’t do that. Why? It seems to be connected to our human nature. You see, when many, if not most, people buy a stock and they see it gain, say 50%, they sell it because, as I heard hundreds of times when I was a stock broker, “Hey, you can’t go broke taking a profit!” But the thing is, that stock may end up being the next Microsoft or Apple Computer company, subsequently moving up another 50% or 100% or 1000% or more over time.

On the other side, there’s the typical part time stock investor who buys a stock at $20 only to watch it drop to $10 a share, says to themselves, “I am not going to take a loss on this so I won’t sell it now.” So they hold on and wait. Over time I think you can guess what will happen. Yep, those kind of investors end up with a portfolio full of crummy, terrible, loser stocks. They kept the ones that went down and sold the ones that went up.

A big part of the problem with stocks is anyone can quickly and easily buy or sell with very little effort and that can lead to impulsive decisions. Greed and fear can cause that quick buying and selling of stock reaction–usually not a good idea. However with income producing real estate, impulse buying or selling doesn’t usually happen since it all takes more time and, of course, more effort.

But because of that ‘time and effort’ factor, most people that buy income producing properties buy and hold for the long term and if they’ve done it even half right they are collecting enough income in rents to more than cover their expenses which gives them the great benefit of being able to wait–sometimes for a very long time–until they can sell the property for a sizable gain! That’s why I love real estate.  It is also what primarily got me to leave the stock business and move into the real estate investing business. I do hope if you are not already investing in real estate, you’ll start very soon.

A Case for Diversification

Wow! What a wild stock market we’ve had the last few days. Over a trillion dollars in lost value. Can you imagine having virtually all your asset held in stocks? I was asked the other night at a party, by a person that apparently was hurt pretty badly by this, how much money this huge sell off of stocks cost me. I answered that it had virtually no impact on my assets and or net worth. How is this possible? Well, it’s simple … I own just one small position in one publicly traded stock. Maybe in the long run the market drop will have an effect on real estate property values–that’s where I have almost all my net worth– but I very much doubt it.

Yes, I used to be a stock broker many, many years ago and would buy and sell stock for myself frequently, but I learned the hard way that even very smart people can lose money very quickly in the stock market. Even if you buy great stocks and those companies are making money and doing well, if the overall market takes a big hit like it has done the last few days, your good strong company stock usually goes down with the market. One of the big reasons I moved almost all my assets into improved, rent generating real estate is because I had a least some control over the asset that I owned. You see, with stocks, you not only don’t control the company or the people that are running the company, but you have no control over what the overall stock market is doing.

You may be thinking, “Okay, I agree with all that but putting my money in improved real estate takes a lot of work and effort.” And you would be correct. It does take work but the rewards can be so great and much of the work can be turned over to others. I’ve certainly found that to be true and the huge surprise and benefit to me was that I found people that do a better job finding, fixing and managing the properties than I do, or I should say “did”. I’m a big time delegator now.

At a minimum, I would encourage you and anyone that will listen to not put all your eggs in that one ‘stock basket’. Diversity is the smart thing to do and, yes, even though I own very little stock, I do make sure I diversify my asset by owning different kinds of real estate. I own everything from triple net lease buildings with national company tenants to development of storage units to small retail strip malls and even a bit of raw land. A bit of cash always being set aside is a good idea too.

I encourage you to take time to plan out your asset strategy. Don’t be like the majority of Americans who seem to spend a lot more time planning their vacation that they do planning the financial life!

 

 

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