I heard a story that one of the women on the U.S. Women's Beach Volleyball team lost her wedding ring in the sand.
Well footballers in Europe put athletic tape around their wedding ring so that they can play with it and not lose it......
Fortunately, the Chinese are more interested in bootlegging U.S. and Eurpean products than pawning gold, so volunteer Chinese used their medal detectors to scan the sand for her ring and retrieved it for her.
So she will now put tape around it.
Brilliant!
Friday, August 15, 2008
Monday, August 11, 2008
The Big Idea - Job Search episode
Donny Deutsch
This is what I love and should be doing test
When I was a kid, what was it that I loved? Before the world and teachers got to me.
What has been the best day I had at work in the last 5 years
If there were no rules, if I could write the script, what would I do?
Who makes me jealous? Who out of my buddies and friends is doing something that I would love to do?
Donny’s guests:
What am I passionate about? If you love music, then get a job there, even if it is just sweeping.
This is interesting because at the Wealth Mastery event, they stated that passion is not important. They say doing ordinary things long term (I forget the exact phrase) is the way to success and wealth. Work shouldn’t be exciting they say. We’re all trying to be inspired and searching for something that is not there, instead of just getting to work.
When you are 90, what are you going to look on and celebrate?
What environment works for me?
Volunteer and test it.
Ask yourself, in your gut, what is holding you back?
At an interview, turn the table – come in and say, “This sounds like a great opportunity, I want to make sure that I am making the right decision, and this is a good fit for me, why do think that this company would be a good place for me to work.”
When building a resume:
Have website on it if it relates
Accomplishments need to correlate to jobs you’ve had
Important Tip:
No more generic cover letters. Be more specific.
i.e. I really like what your company has done with Ikea .... etc....
This is what I love and should be doing test
When I was a kid, what was it that I loved? Before the world and teachers got to me.
What has been the best day I had at work in the last 5 years
If there were no rules, if I could write the script, what would I do?
Who makes me jealous? Who out of my buddies and friends is doing something that I would love to do?
Donny’s guests:
What am I passionate about? If you love music, then get a job there, even if it is just sweeping.
This is interesting because at the Wealth Mastery event, they stated that passion is not important. They say doing ordinary things long term (I forget the exact phrase) is the way to success and wealth. Work shouldn’t be exciting they say. We’re all trying to be inspired and searching for something that is not there, instead of just getting to work.
When you are 90, what are you going to look on and celebrate?
What environment works for me?
Volunteer and test it.
Ask yourself, in your gut, what is holding you back?
At an interview, turn the table – come in and say, “This sounds like a great opportunity, I want to make sure that I am making the right decision, and this is a good fit for me, why do think that this company would be a good place for me to work.”
When building a resume:
Have website on it if it relates
Accomplishments need to correlate to jobs you’ve had
Important Tip:
No more generic cover letters. Be more specific.
i.e. I really like what your company has done with Ikea .... etc....
Sunday, August 10, 2008
Big Idea - Bon Jovi
Jon Bon Jovi was on the show today and a couple of things he said...
Donny asked,"Any regrets?" he said "No."
Then, "Biggest mistakes." he said "nothing really, we're doing well, if anything we've learned."
I think the key to success is seeing everything as an opportunity, or a result. And not having the regrets. I think I could get excited about that. That every opportunity makes me stronger.
There is a lot that can be said..."Well Bon Jovi is a successful musician, so things come easy." But for people to succeed long term, like Jordan, Tiger Woods, Aerosmith, Rolling Stones, Paul Newman, etc., it takes a special mindset.
Lastly, was about Presidents. He said something that struck home. "We have not had a President that inspired us. We get soundbites and Presidents telling us stuff, but not a President that get's us to rise to action."
I'd have to agree, there has not been a President in my life that has inspired me to take action.
Donny asked,"Any regrets?" he said "No."
Then, "Biggest mistakes." he said "nothing really, we're doing well, if anything we've learned."
I think the key to success is seeing everything as an opportunity, or a result. And not having the regrets. I think I could get excited about that. That every opportunity makes me stronger.
There is a lot that can be said..."Well Bon Jovi is a successful musician, so things come easy." But for people to succeed long term, like Jordan, Tiger Woods, Aerosmith, Rolling Stones, Paul Newman, etc., it takes a special mindset.
Lastly, was about Presidents. He said something that struck home. "We have not had a President that inspired us. We get soundbites and Presidents telling us stuff, but not a President that get's us to rise to action."
I'd have to agree, there has not been a President in my life that has inspired me to take action.
Saturday, August 9, 2008
No free lunch
I received this in an email from a friend.....
He oozed with joy, excitement, and confidence. Larry, who was praying for additional income, had just been asked to help the CEO of a large corporation. All Larry needed to do was raise $100,000 by getting people to attend a charitable golf tournament at five hundred bucks per player during the second week of August.
With his vast network of contacts, extraordinary people skills, and twelve weeks to pull it off, Larry was absolutely certain his success would come quickly and easily. In his mind, this was the ultimate slam dunk. And after succeeding in this event, others business opportunities with the CEO would follow, each with income streams that would immediately impact his life. Sweet success was just around the corner.
He was so confident that he instantly dismissed my suggestion that he had a steep hill to climb in twelve weeks. But reality settled in when he began calling people. He soon realized that just because he is highly respected by many people, that respect did not immediately translate into them saying, "Oh yes, let's meet for coffee. Tell me what you are hosting. How can I sign up?" He realized that people are not always easy to reach; they don't have the time or interest to meet; and even when he got a meeting with someone they were not instantly captivated at the invitation to play in a charity golf event. In short, he was reminded that you have to be tough to triumph.
Sound familiar? I have run smack into this truth countless times in my business life. If you are earnestly attempting to grow your own business, you too will encounter these moments. That's why every now and then we need to remind ourselves to reset our expectations. To help you do this, enjoy the lighthearted excerpts from Dare to Dream and Work to Win. I hope that these friendly reminders will put a smile on your face, peace in your heart, and determination in your will.
You Know Your Financial ExpectationsAre In Need Of Adjustment If:
You thought you could create wealth without hard work.
You thought you could work your business on a part-time basis but immediately receive a full-time income.
You thought most of your friends and family would immediately join you in your endeavor.
You thought simple was the same thing as easy.
You thought there would be no learning curve in your business.
You thought you could treat your business like a minor hobby and have it pay you like a major business.
You thought you could build a business and never leave your comfort zone.
You thought you could grow a business and not have to grow as a person.
You thought "no strain, no pain, no gain" only applied in weight rooms.
You thought you don't need to be tough to triumph.
Allow me to put on my hat as a "shrink" and remind you:
Frustration is the gap between what we expect and what we experience.
Peace comes when we learn to embrace reality rather than fight it.
Prosperity comes when we see what we want to achieve and keep moving towards our goals.
Satisfaction comes when we savor the very success we were tempted to abandon in the moments when things were difficult.
Committed to your success (And your peace, prosperity, and satisfaction!)
Tom Barrett, Ph.D.
He oozed with joy, excitement, and confidence. Larry, who was praying for additional income, had just been asked to help the CEO of a large corporation. All Larry needed to do was raise $100,000 by getting people to attend a charitable golf tournament at five hundred bucks per player during the second week of August.
With his vast network of contacts, extraordinary people skills, and twelve weeks to pull it off, Larry was absolutely certain his success would come quickly and easily. In his mind, this was the ultimate slam dunk. And after succeeding in this event, others business opportunities with the CEO would follow, each with income streams that would immediately impact his life. Sweet success was just around the corner.
He was so confident that he instantly dismissed my suggestion that he had a steep hill to climb in twelve weeks. But reality settled in when he began calling people. He soon realized that just because he is highly respected by many people, that respect did not immediately translate into them saying, "Oh yes, let's meet for coffee. Tell me what you are hosting. How can I sign up?" He realized that people are not always easy to reach; they don't have the time or interest to meet; and even when he got a meeting with someone they were not instantly captivated at the invitation to play in a charity golf event. In short, he was reminded that you have to be tough to triumph.
Sound familiar? I have run smack into this truth countless times in my business life. If you are earnestly attempting to grow your own business, you too will encounter these moments. That's why every now and then we need to remind ourselves to reset our expectations. To help you do this, enjoy the lighthearted excerpts from Dare to Dream and Work to Win. I hope that these friendly reminders will put a smile on your face, peace in your heart, and determination in your will.
You Know Your Financial ExpectationsAre In Need Of Adjustment If:
You thought you could create wealth without hard work.
You thought you could work your business on a part-time basis but immediately receive a full-time income.
You thought most of your friends and family would immediately join you in your endeavor.
You thought simple was the same thing as easy.
You thought there would be no learning curve in your business.
You thought you could treat your business like a minor hobby and have it pay you like a major business.
You thought you could build a business and never leave your comfort zone.
You thought you could grow a business and not have to grow as a person.
You thought "no strain, no pain, no gain" only applied in weight rooms.
You thought you don't need to be tough to triumph.
Allow me to put on my hat as a "shrink" and remind you:
Frustration is the gap between what we expect and what we experience.
Peace comes when we learn to embrace reality rather than fight it.
Prosperity comes when we see what we want to achieve and keep moving towards our goals.
Satisfaction comes when we savor the very success we were tempted to abandon in the moments when things were difficult.
Committed to your success (And your peace, prosperity, and satisfaction!)
Tom Barrett, Ph.D.
Friday, August 8, 2008
Wealth Mastery Notes 12
Monday
When I am stuck say “Screw It” and go through the fear
Tony Video
Optimists are full of crap, but they keep doing it, so are more successful
A worthy adversary
Every life experience is a chance for wealth
Five Reasons Life Will Never Be The Same
1. Knowing that the thing I want the most is beyond my fear and outside my comfort zone
2. I took massive action at the break and a huge breakthrough
3. To be more aggressive
4. Live in the beliefs and possibilities
5. Giving up the bullshit beliefs I had about wealth, understanding the use of strategies and chunking
What Have I Learned and What Am I Going To Do
· Track earnings and spending
· Tithe
· Save
Where performance is measured, performance improves
Separate business income and expenses from personal
Complete page 67
Keep an investment journal
Why did I buy it, and at what price
Why did I sell it
“When people say no, hear not yet” – Donny Deutsch
When I am stuck say “Screw It” and go through the fear
Tony Video
Optimists are full of crap, but they keep doing it, so are more successful
A worthy adversary
Every life experience is a chance for wealth
Five Reasons Life Will Never Be The Same
1. Knowing that the thing I want the most is beyond my fear and outside my comfort zone
2. I took massive action at the break and a huge breakthrough
3. To be more aggressive
4. Live in the beliefs and possibilities
5. Giving up the bullshit beliefs I had about wealth, understanding the use of strategies and chunking
What Have I Learned and What Am I Going To Do
· Track earnings and spending
· Tithe
· Save
Where performance is measured, performance improves
Separate business income and expenses from personal
Complete page 67
Keep an investment journal
Why did I buy it, and at what price
Why did I sell it
“When people say no, hear not yet” – Donny Deutsch
Thursday, August 7, 2008
Wealth Mastery Notes 11
Tony Video (Helicopter Story)
When I don’t know what to do I push forward, not just hang out
Induce faith as my friend in every situation
The thing I want the most is beyond my fear
When I don’t know what to do, go forward
Everything I want is outside of my comfort zone
When I don’t know what to do I push forward, not just hang out
Induce faith as my friend in every situation
The thing I want the most is beyond my fear
When I don’t know what to do, go forward
Everything I want is outside of my comfort zone
Wednesday, August 6, 2008
Wealth Mastery Notes 10
Saturday
1. Use grads community on line
“you must be more aggressive or else you will get eaten” – Mark Cotter
Joel Comm
Why People Fail
Unreasonable expectations, you must work
Give up to easily
Don’t work the program
Not investing in the business
No continuing education
1. Use grads community on line
“you must be more aggressive or else you will get eaten” – Mark Cotter
Joel Comm
Why People Fail
Unreasonable expectations, you must work
Give up to easily
Don’t work the program
Not investing in the business
No continuing education
Tuesday, August 5, 2008
Wealth Mastery Notes 9
Larry Winget
Nobody cares about good you were
“Big Spender” is an A&E show
What action are you taking?
1. Know where you are
2. Know what got you there
3. Get a plan
People have a plan for their day off but not their life
If your life sucks, it is because you suck
Nobody cares about good you were
“Big Spender” is an A&E show
What action are you taking?
1. Know where you are
2. Know what got you there
3. Get a plan
People have a plan for their day off but not their life
If your life sucks, it is because you suck
Monday, August 4, 2008
Cramer's "Playing Defense" Rules
1. Diversify. Cramer’s not afraid to be a nag about this one. If you spread out your risk, you’re less likely to lose large amounts the money. So never keep more than 20% of your portfolio in a stock or a sector. This isn’t rocket science. Just think back to all those people overinvested in tech stocks in 2000.
2. Buy and sell slowly on wide scales. You don’t ever want to get in or out of an entire position all at once. Looking to buy a few shares of your new favorite stock? Then do so in increments as it increases in price. That way you don’t buy it all at the top. The same goes for selling. Take at least some profits when you’ve made some gains. Then scale out of it as the price comes down. This is especially true, Cramer said, for names like Apple or Research in Motion that fluctuate wildly. There’s rarely a time when you won’t get the chance to buy lower or sell higher.
3. Your first loss is your best loss. When the thesis that drew you to a stock isn’t working anymore, get out. Even if you’ve taken some losses. Cramer sold Fannie Mae when it was in the $60s, after a decline, but never regretted it. Especially not when he watched the stock plummet into the single digits. Never feel bad about taking losses if the thesis has changed.
4. Dividends limit losses as long as they are relatively safe. Measure a dividend yield against Treasurys. If a company’s payout is better than Washington’s, you’ve got a winner. And look for companies that have the potential to increase their dividends than cut them. AT&T
AT&T INC
5. It’s always good to have cash on hand. might pay more, but the extra money will come in handy when the market takes a dip and you want to buy some broken stocks. As Cramer said, stop looking at the cost of being in cash and start thinking about the price you pay for not having cash when you need it.
6. Don’t own too many wild swinging stocks. Sectors like natural gas, copper, steel, fertilizer, rails and tech can be very volatile. A portfolio full of these plays can be a bit much for the average investors. Be sure you’re up to the challenge if you want to own these names.
7. Know what you own. Cramer’s said this before, but if you really haven’t done the homework on the stocks you hold, you’re not in a position to make smart investing decisions. Think about it: Do you really know what Celgene
8. Stocks under $5 can be dangerous. These names feel to these lows for a reason. Keep that in mind when you’re thinking you can make a quick buck off single-digit stocks. They can cost you just as much money as your other holdings.
9. Accounting irregularities equal sell. This is another Cramer maxim you’ve probably heard before. His bottom line is that these stocks can’t even be thought about until the next quarter’s earnings are out.
10. Steer clear of any company that reported a earnings miss for at least two quarters. They number can actually be much higher depending on the situation – nine or 10 quarters if need be. The only reason Cramer said two is because he’s never seen a turnaround quicker than that.
11. If you’re broker stops talking up a stock that you own, sell it. Especially if it’s no longer doing well. He might be embarrassed to tell you that you own a loser, even more so if he’s the one that recommended it to you.
12. Get defensive after a big run. Cramer uses to indicators to measure a surge in stocks: the S&P Oscillator and the Investors Intelligence Bull-Bear Ratio. You can read more about the S&P Oscillator here. But basically it estimates how oversold or overbought the market is. When there’s too much buying, Cramer takes profits. The Bull-Bear Ratio is released every Wednesday. When more than 50% of investment pros are bullish, Cramer recommends playing defense. Too many bulls spoil the pot, he said.
13. Sell a stock with a dividend yield that’s twice the Treasurys. Any company with a dividend that high is usually on the verge of making a cut. Think of it as a warning signal. The only exceptions here are the tanker stocks and oil and gas master limited partnerships and trusts. They both pay dividends depending on the current rate of business.
14. Don’t buy stock in a company with a rookie CEO. They still have too much to learn. So let them pay their dues before you buy in.
15. You must sell a stock as soon as the catalyst you’re trading on has passed – no matter what. It doesn’t matter whether you made money or lost it. Never turn a trade into an investment. Or worse – a lottery ticket. The old “dollar and a dream” schtick doesn’t work on Wall Street. Know what you’re buying and why you’re buying it. And know when it’s time to move on
16. Don’t sell call or put options. Selling calls against common stock is like giving you’re your upside. Selling puts exposes you to almost unlimited downside. Don’t do this.
17. Never use margin. Sure, you can borrow to buy a house. But when it comes to investing, you can’t live in a stock when the price goes down. In fact, you usually have to kick in more money. And once you’re in a hole, it’s very hard to pull yourself out of it.
18. Never buy a stock at its all-time high. A pullback is almost inevitable. So wait for that – Cramer recommends 5% to 8%. If the pullback never comes, don’t buy the stock.
19. Play with the house’s money whenever possible. Be smart about taking profits. If you have the chance to get your original investment back, then do so. Then roll the dice with your winnings.
20. Keep your head clear. Sometimes the best thing you can do after a string of losses is to clear them out of your portfolio and start fresh. That new perspective can be the best defense you have.
21. Spread out your retirement investing. Cramer’s talking about your 401(k) and IRA here. Make sure your contributions happen at least every month rather than dumping one lump sum into your account. That way you can take advantage of any dip – 10% or more, he said – in the market by boosting that month’s contribution.
22. Buy one diversified mutual fund. OK, you can own more than one, but make sure it’s not a small-cap growth fund. And if you want to own multiple funds, make sure you haven’t bought the same kind of fund three times over. Often times funds have different names, but their holdings are very similar. Watch for this.
23. Know when to cut the cord. Don’t wait for a stock to get back to even during a tough market. It probably won’t happen. Take the loss and move on.
24. Buy stocks with good buybacks. A company with a good stock-repurchasing plan will keep their share prices steady during tough times. So look for firms with large amounts of cash to make that happen.
25. Don’t stop looking. Stay current on your portfolio no matter how much it hurts to look. If you don’t, it could end up hurting a lot more.
Bulls make money, Bears make money. Hogs get slaughtered.
Play with the houses money.
2. Buy and sell slowly on wide scales. You don’t ever want to get in or out of an entire position all at once. Looking to buy a few shares of your new favorite stock? Then do so in increments as it increases in price. That way you don’t buy it all at the top. The same goes for selling. Take at least some profits when you’ve made some gains. Then scale out of it as the price comes down. This is especially true, Cramer said, for names like Apple or Research in Motion that fluctuate wildly. There’s rarely a time when you won’t get the chance to buy lower or sell higher.
3. Your first loss is your best loss. When the thesis that drew you to a stock isn’t working anymore, get out. Even if you’ve taken some losses. Cramer sold Fannie Mae when it was in the $60s, after a decline, but never regretted it. Especially not when he watched the stock plummet into the single digits. Never feel bad about taking losses if the thesis has changed.
4. Dividends limit losses as long as they are relatively safe. Measure a dividend yield against Treasurys. If a company’s payout is better than Washington’s, you’ve got a winner. And look for companies that have the potential to increase their dividends than cut them. AT&T
AT&T INC
5. It’s always good to have cash on hand. might pay more, but the extra money will come in handy when the market takes a dip and you want to buy some broken stocks. As Cramer said, stop looking at the cost of being in cash and start thinking about the price you pay for not having cash when you need it.
6. Don’t own too many wild swinging stocks. Sectors like natural gas, copper, steel, fertilizer, rails and tech can be very volatile. A portfolio full of these plays can be a bit much for the average investors. Be sure you’re up to the challenge if you want to own these names.
7. Know what you own. Cramer’s said this before, but if you really haven’t done the homework on the stocks you hold, you’re not in a position to make smart investing decisions. Think about it: Do you really know what Celgene
8. Stocks under $5 can be dangerous. These names feel to these lows for a reason. Keep that in mind when you’re thinking you can make a quick buck off single-digit stocks. They can cost you just as much money as your other holdings.
9. Accounting irregularities equal sell. This is another Cramer maxim you’ve probably heard before. His bottom line is that these stocks can’t even be thought about until the next quarter’s earnings are out.
10. Steer clear of any company that reported a earnings miss for at least two quarters. They number can actually be much higher depending on the situation – nine or 10 quarters if need be. The only reason Cramer said two is because he’s never seen a turnaround quicker than that.
11. If you’re broker stops talking up a stock that you own, sell it. Especially if it’s no longer doing well. He might be embarrassed to tell you that you own a loser, even more so if he’s the one that recommended it to you.
12. Get defensive after a big run. Cramer uses to indicators to measure a surge in stocks: the S&P Oscillator and the Investors Intelligence Bull-Bear Ratio. You can read more about the S&P Oscillator here. But basically it estimates how oversold or overbought the market is. When there’s too much buying, Cramer takes profits. The Bull-Bear Ratio is released every Wednesday. When more than 50% of investment pros are bullish, Cramer recommends playing defense. Too many bulls spoil the pot, he said.
13. Sell a stock with a dividend yield that’s twice the Treasurys. Any company with a dividend that high is usually on the verge of making a cut. Think of it as a warning signal. The only exceptions here are the tanker stocks and oil and gas master limited partnerships and trusts. They both pay dividends depending on the current rate of business.
14. Don’t buy stock in a company with a rookie CEO. They still have too much to learn. So let them pay their dues before you buy in.
15. You must sell a stock as soon as the catalyst you’re trading on has passed – no matter what. It doesn’t matter whether you made money or lost it. Never turn a trade into an investment. Or worse – a lottery ticket. The old “dollar and a dream” schtick doesn’t work on Wall Street. Know what you’re buying and why you’re buying it. And know when it’s time to move on
16. Don’t sell call or put options. Selling calls against common stock is like giving you’re your upside. Selling puts exposes you to almost unlimited downside. Don’t do this.
17. Never use margin. Sure, you can borrow to buy a house. But when it comes to investing, you can’t live in a stock when the price goes down. In fact, you usually have to kick in more money. And once you’re in a hole, it’s very hard to pull yourself out of it.
18. Never buy a stock at its all-time high. A pullback is almost inevitable. So wait for that – Cramer recommends 5% to 8%. If the pullback never comes, don’t buy the stock.
19. Play with the house’s money whenever possible. Be smart about taking profits. If you have the chance to get your original investment back, then do so. Then roll the dice with your winnings.
20. Keep your head clear. Sometimes the best thing you can do after a string of losses is to clear them out of your portfolio and start fresh. That new perspective can be the best defense you have.
21. Spread out your retirement investing. Cramer’s talking about your 401(k) and IRA here. Make sure your contributions happen at least every month rather than dumping one lump sum into your account. That way you can take advantage of any dip – 10% or more, he said – in the market by boosting that month’s contribution.
22. Buy one diversified mutual fund. OK, you can own more than one, but make sure it’s not a small-cap growth fund. And if you want to own multiple funds, make sure you haven’t bought the same kind of fund three times over. Often times funds have different names, but their holdings are very similar. Watch for this.
23. Know when to cut the cord. Don’t wait for a stock to get back to even during a tough market. It probably won’t happen. Take the loss and move on.
24. Buy stocks with good buybacks. A company with a good stock-repurchasing plan will keep their share prices steady during tough times. So look for firms with large amounts of cash to make that happen.
25. Don’t stop looking. Stay current on your portfolio no matter how much it hurts to look. If you don’t, it could end up hurting a lot more.
Bulls make money, Bears make money. Hogs get slaughtered.
Play with the houses money.
Wealth Mastery Notes 8
Michael Smorch
www.stablecurrencyindex.com
www.weissresearch.com – pick banks that are rated A+
Study global economy
When you are confused, it means that your brain has no references
www.stablecurrencyindex.com
www.weissresearch.com – pick banks that are rated A+
Study global economy
When you are confused, it means that your brain has no references
Sunday, August 3, 2008
Wealth Mastery Notes 7
Chuck Mellon
There is no correlation between intelligence and wealth
Mellon Breakout
www.channellingstocks.com
Options
We will never buy an option for the purpose of exercising it
Options give us leverage we control a large purchase with a small purchase
Write a put to buy a stock
Instead of just buying the stock, buy the option
There is no correlation between intelligence and wealth
Mellon Breakout
www.channellingstocks.com
Options
We will never buy an option for the purpose of exercising it
Options give us leverage we control a large purchase with a small purchase
Write a put to buy a stock
Instead of just buying the stock, buy the option
Saturday, August 2, 2008
Wealth Mastery Notes 6
Keith J Cunningham
Write your own obituary
What can I do today to improve my situation?
Ordinary things consistently done create extraordinary results
Five Characteristics of Wealth Mastery
1. Love what you are doing
The most successful people love what they are doing and not doing what they love
2. Having a business not a job
Businesses are an extension of you
People with a business focus on growth, re-invention, creating, solutions, leveraged income, and possibilities
Tiger Woods is not playing to win, he is trying to be the best he can be
If someone was following Bill Gates around, they would give him a raise
3. Optimistic
4. Willingness to make mistakes
Test…Fail…Learn
5. Willingness to Pay the Price
Write your own obituary
What can I do today to improve my situation?
Ordinary things consistently done create extraordinary results
Five Characteristics of Wealth Mastery
1. Love what you are doing
The most successful people love what they are doing and not doing what they love
2. Having a business not a job
Businesses are an extension of you
People with a business focus on growth, re-invention, creating, solutions, leveraged income, and possibilities
Tiger Woods is not playing to win, he is trying to be the best he can be
If someone was following Bill Gates around, they would give him a raise
3. Optimistic
4. Willingness to make mistakes
Test…Fail…Learn
5. Willingness to Pay the Price
Friday, August 1, 2008
Wealth Mastery Notes 5
Lorel Langemeier
You say yes, and then figure out how
Use chunking in coaching and match evaluation
Cash Machine Steps
Do what you are already doing
Ask for the cash/sale
The first money pays for support
Do free marketing, go to your community
More marketing
What is it that I am already doing that I could make money on and make it a business
You say yes, and then figure out how
Use chunking in coaching and match evaluation
Cash Machine Steps
Do what you are already doing
Ask for the cash/sale
The first money pays for support
Do free marketing, go to your community
More marketing
What is it that I am already doing that I could make money on and make it a business
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