November 11, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/neuroscientists-advice-for-saving-money-transformed-my-finances-2017-11

After years of feeling as though my finances controlled me and not the other way around, I’m happy to report I have found the solution in the wisdom of a neuroscientist. Perhaps the insight can help you, too. Budgeting is about making fewer choices to maximize happiness I first met Moran Cerf, a neuroscientist who teaches marketing at Northwestern University, over the summer. We chatted about the ways people make poor decisions and how they could make smarter ones. The conversation was so interesting that I wanted to meet again. A few months later, we convened on the second floor of a Whole Foods to delve yet again into the depths of decision-making. He brought up the topic of personal finance and how to create the perfect budget. Cerf argues that decision-making is mentally draining. Having to make several small choices can exhaust our ability to make bigger decisions. When it comes to money, Cerf says the smartest way to budget is to find the timeline that works for you. The author would go on to create a weekly budget and that turned out to work best for him. When it comes to budgeting, find the process that will work best for you, and be sure to do it frequently. I personally will run my budget every Friday, and I’ve set it up, so I can forecast where I will be 11 months from now. I’ll also look at my budget as I feel the need to. It’s important to have a routine that you will stick to, so it becomes automatic for you. It’s about knowing how much you will have and having the freedom to decide what to do next.

http://www.businessinsider.com/shaq-financial-advice-for-nba-players-money-personal-finance-investing-tips-million-savings-contract-2017-11

With career earnings that totaled $292 million, Shaquille O’Neal currently ranks as the third-highest-paid player in NBA history. We asked Shaq what financial advice he gives young NBA players who want to hang on to their fortunes. Shaq stopped by Business Insider to talk about his collaboration with home security technology company Ring, to raise awareness about how homeowners can better protect their property this holiday season. Shaq recently kicked off a campaign with Ring’s CEO Jamie Siminoff around protecting holiday package deliveries – specifically as National Package Protection Day approaches on Nov. 29. The article has a transcript from the video. Basically, Shaq advises the athlete to cut the earning of the contract in half and save it, or if they’re more aggressive cut that in half and only spend 25%. In other words, if you have a $100 million-dollar contract, save 75% and spend the other 25% spend however you want to spend it. Most athletes that come into the League think about the money they receive now and don’t plan for the future. ESPN 30 for 30 did a great documentary called Broke which examines the spending habits of athletes. Financial education isn’t taught in schools so it’s important to find competent and wise mentors to learn from. I always tell them “Don’t think about what’s going on now. Think about what has to happen in the future.” I never spent, like, an NBA check like my first four years. Then, when I got married and had kids, all that changes, but that’s, to simplify it for them because, you know, a lot of people don’t have the business mind or the business tact, so you have to break it down in their language. So, I would say save 75%, and this 25%, do whatever you want to do with it. Take care of your family — boom, bam. House, apartment, car – but don’t ever do more than this. If you’re thinking about your legacy, consider it at least two to three generations deep. In other words, you’re thinking at least the next 100 years, will what you have be able to provide for that kind of future? If not, what are you teaching your children and children’s children, so they can thrive and not just survive the world to come.

This week, I’ve included A Brief Guide To Life – Jordan Peterson | Depression & Success (LIFE CHANGING) from the Mulligan Brothers YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

 

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November 4, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/self-made-billionaire-advice-on-making-money-2016-11
Self-made billionaire Naveen Jain, who came to America from India with just $5 in his pocket, reveals his best advice on how to make billions of dollars. In this short 1:33 long video, Naveen advises you to pursue your dream even if you don’t know how to do it. Even if you experience self-doubt, he asks that you remember that every successful company has a near death experience before it becomes successful. He explains that in the end your mindset is what is important. It’s not about whether the glass is half or half empty. It’s about whether not you want to fill the glass and what do you want to fill it with. Your job is to imagine what you want it to be. The biggest problems are social problems and those are the ones with the most opportunity. He advises you to dream so big that people think you’re crazy and don’t be afraid of failure. He says if you want to be a billionaire solve a $10 billion-dollar problem. He gives some examples to consider. One thing he doesn’t say is the importance of building the right team around you, and making sure that you have systems in place to execute solving the problem. You should consider such options as how can I scale this? Can this operation remain a small one-man operation? How many people do I need to make this dream possible?  How can I be efficient? How can I effectively manage the human resource? It’s a good start to have a dream, but also have vision, and be realistic too.

https://www.inc.com/jessica-stillman/ashton-kutcher-uses-this-simple-morning-ritual-to-skyrocket-his-productivity.html

Let me guess the first thing you did when you opened your eyes this morning: You didn’t, by any chance, pick up your phone and start tapping away, did you? If I got that right, it’s not because I’m clairvoyant. It’s because I’ve read the research. One recent Pew survey found 80 percent of Millennials sleep with their phones. No wonder then that another poll showed 40 percent of Americans of all ages check their phones within five minutes of waking. By the time they’ve brushed their teeth, more than 80 percent of people have grabbed their gadgets. And this isn’t just the addled and unsuccessful — another survey found that half of top executives start their day with email. A vast majority of us, in other words, kick off our day by consuming and reacting to other people’s thoughts and demands. Actor and investor Ashton Kutcher, however, is in the minority. Your email, he told Arianna Huffington’s Thrive Global Podcast recently, is “everyone else’s to-do list for you.” And if you allow your inbox to set the tone for your day, you’re guaranteed to spend a huge chunk of your time on other people’s priorities.  I’m guilty of checking my phone every morning when I wake up, and I agree with Ashton when he says it becomes a hole that you can’t seem to get out off, because you fill yourself up with everyone else’s wants and needs instead of taking that time for yourself. To break out of this success-killing pattern, Kutcher took action, designing a new morning ritual that allows him to work on what he actually thinks is important each day. “When I wake up … I spend the first hour of my work not looking at email, and actually just writing out what it is that I want to accomplish in a given day, and then before I go through my emails, I’ll do all my outgoing, outbound stuff, which is what I want everyone else to do for me. And then I’ll go and get reactive to whatever’s going on,” he told the podcast. Even though it’s near the end of the year, I’m going to start spending the first half hour or hour of my morning either in meditation, prayer, writing in a journal, or listening to worship music before I touch my phone. New year habits can start today, and you shouldn’t put off for tomorrow what you can do today. Several experts stress the importance of writing out your ideas in the first few minutes of the day whether it’s for productivity or creativity. I think the reason this habit works is because the words become flesh when you put pen to paper. Meanwhile, psychologist and my Inc.com colleague Benjamin P. Hardy suggests a small amount of writing not only in the morning but also before bed, to tap into your subconscious in order to answer some of your life’s trickiest and most pressing questions. “This simple routine will help you crystallize where you want to go, and how you will get there,” he says. It’s up to you to decide which form of writing appeals most to you and works best with your existing routine, but whichever you choose, it’s worth at least taking Kutcher’s idea for a spin to see if it saves you from inbox slavery and gives you more control over your day. Even if you don’t like writing, before you pick up the phone to check e-mail or social media, give this quiet time to yourself. Watch the video below:

This week, I’ve included The Power of Habit – One of the most Motivational Talks Ever from the Video Advice YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

October 28, 2017

 

Items in italics are direct quotes from the articles below

https://www.marketwatch.com/story/sell-these-5-scary-stocks-now-2017-10-27
This year has been a treat for investors, and it could end up even sweeter. The S&P 500 SPX, +0.31%  has tacked on 14% so far — and that’s before year-end rebalancing and hopes of a “Santa Claus rally” that could push the index even higher. Even if stocks do little from now on, it could be the best annual gain for the index since 2013. Still, that doesn’t mean you can just pick stocks out of a hat and hope for the best. This earnings season has created plenty of losers along with the winners, and there are a number of high-profile companies right now that have downright spooky outlooks. So which high-profile names have more tricks than treats in store for shareholders right now? Here are five particularly scary stocks I’m avoiding: Tesla, General Electric, Snap, J.C. Penney, and Valeant. The author’s opinion is valid, and it’s good to listen to different points of view to make a more educated decision. Even if you don’t agree with the opinion, listen and ask yourself, what does this person see that I’m not seeing? Take in the information, and make your own decision. Tesla isn’t a company that trades based on its profitability, but rather on sentiment and expectations. But it’s hard to see what the catalyst is to push sentiment, while there remain some very real downside risks. Case in point: Even as the car recently announced a deal to build cars in Shanghai, a move that should objectively be good for investors, the stock closed lower on the day. You may see Tesla as a good buy. Ask yourself am I investing for capital gains? If so for how long?  In the case of GE, I spoke with a friend of mine who was in the brokerage business for many years, and his opinion is that if you have enough liquidity and a long time horizon, buy GE. This blog is for education purposes only, so I suggest you do the research and make your own informed decision. Even if you have faith that things will work out in the long term and that GE will turn things around, the dividend is very much at risk. Beyond paying out more in dividends than earnings (under GAAP accounting, not its adjusted numbers), GE is sitting on a staggering $31 billion shortfall in its pension liabilities and will have to pay the piper eventually. All that adds up to a very real case against this stock. Don’t be foolish enough to think the deep declines of 2017 can’t continue for GE in 2018, too. Make time every day to gain new information in an asset class you enjoy, and find ways to execute your investment strategy.

https://www.marketwatch.com/story/kyle-bass-says-once-the-stock-market-starts-to-crack-this-will-be-the-first-sign-2017-10-18

The stock market may never go down again. Maybe not such a far-fetched notion, when you consider the Dow industrials yesterday nailed its 50th record close of the year and paid a visit to the 23,000 milestone, which it looks set to revisit and maybe stick to today. To be sure, being in the trenches of this market since the election has been a bit crazy-making, even if it has made investors some money. And naturally, there is discomfort out there over the speed of gains, such as how the DJIA has overcome a pile of worries to gain 4,700-plus points in just under a year. Given that, taking a step back and a look around is never a bad idea. That brings us to our call of the day from Kyle Bass of Hayman Capital Management, who has a timely warning on an “air pocket” that’s coming as we near the 30th anniversary of Black Monday. “If you look at the all of the different constituencies of the market today, it resembles the portfolio insurance debacle of 1987 on steroids,” he says an interview with Real Vision TV released to YouTube today, but recorded a few weeks ago. The key metric to watch for is when a 4% or 5% decline in equities becomes a 10% or 15% decline. What’s adding concern to this situation is the massive switch from active to passive investing. That means risk is “in the hands of people who don’t know how to take risk,” the hedge fund manager says. The message overall was clearly to cut back on a bit of risk, look at cash, and peel back a bit on where there have been some good runs. In this type of scenario, what is your experience with paper assets? Do you know how to short? Do you know how to use options? How can you profit from a market that falls? Do you have enough in liquid reserves or are you completely in one asset class? If you find yourself getting tunnel vision. Ask yourself what is your legacy and how does this impact eternity?

A few blogs ago I had mentioned adding a self-improvement and technical analysis section. Due to my growing interest in the cryptocurrency industry, I’ve added a cryptocurrency section also.

This week, I’ve included Why is this THE MOST MOTIVATIONAL TALK EVER?? See for yourself from the Video Advice YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

 

 

 

 

 

October 21, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/how-to-spot-a-liar-champion-poker-player-phil-hellmuth-2017-10

How do you spot a liar? Watch their eyes, says champion poker player Phil Hellmuth.  Hellmuth has made a career out of calling peoples’ bluffs. So far, he’s won 14 bracelets at the World Series of Poker and a total of $21,971,705 at live tournaments. Hellmuth partly credits his ability to read people as the secret to his success. “Success in the game is 70% reading people and only 30% reading the cards,” he wrote in the book “Read ‘Em and Reap,” which he co-authored with writer Marvin Karlins and former FBI agent Joe Navarro. The “Poker Brat” author has picked up one trick to help him get a better read on people’s true feelings — and detect potential lies. It’s a simple test anyone can use, whether you’re dealing with someone bluffing over a hand of cards or a chronic workplace liar. “You can stare at people,” Hellmuth told Business Insider. “It’s super effective.” Being able to watch the eyes dilate or constrict can give you a quick read on what a person is feeling. It is a skill that needs to be cultivated and you should trust your instincts. People have little ability to control how their pupils react to stimuli, which is what makes watching someone’s pupils a great tell. Of course, changes in pupil diameter signal a person’s emotional state — not dishonesty. But if an individual’s words don’t match their eyes, you might want to take note. For example, if your friend gets a call that causes their pupils to contract but they claim they’re fine afterward, something might be off. If you’re in a tough situation and you need a genuine answer, then look the person in the eye and ask a question. Never stop learning and growing and cultivating new skills. New habits will continue to strengthen the brain over time in my opinion.

http://www.marketwatch.com/story/earn-passive-income-4-people-share-their-successful-strategies-2017-10-19

Cutting back your spending isn’t the only way to save more. Finding ways to up your income can help you build wealth and hit your goals faster—and it doesn’t have to require a lot of time or effort. You can ask for a raise, pick up a side gig (as nearly a third of U.S. workers are doing now) or consider a third powerful income-boosting strategy. Say hello to passive income—a low-effort cash flow that’s steady, predictable and relatively easy to maintain. Here’s how four people have done it successfully. As discussed in previous blogs, passive income is a misnomer. To create it, you truly do have to put in some form of effort. Whether it’s a savings account or a rental property, there should be some form of time, energy, and even finances put into an asset for it to generate passive income. This article has four examples that can help encourage your imagination. “My dividend portfolio pays me over $1,200 a month.”— Bob Lai, 35, tech product manager and blogger in Vancouver, Canada “High-dividend stocks are my secret weapon, netting me more than $1,200 in passive income every month with virtually no effort. Basically, this means that I’ve invested in stocks that pay dividends to shareholders, so I essentially get a cut of each company’s profits every quarter—100% of which I reinvest. This lets me buy more shares without having to shell out more money, which is a huge benefit when the price ticks up. My strategy did require some initial effort. But while thoroughly evaluating investments—by checking out price-to-earnings ratios, historical dividend growth and company statements—before purchasing may seem like an intimidating task, I actually enjoy it and don’t mind immersing myself in the research. Bob also diversifies his portfolio by investing in ETF index funds. “Passive income pays my bills—and allows me to travel the world.”—Cat Coquillette, 30, location-independent illustrator and designer in Chiang Mai, Thailand “Thanks to some solid passive income streams, which make up about 90% of my monthly earnings, I’m anything but a starving artist. In addition to my illustration and design business, I earn about $7,000 a month via art licensing through print-on-demand companies. These are websites that print your artwork on things like apparel, phone cases and notebooks, then sell the items online. For example, I created a design for a travel mug that sells for $24.99; I get 10% of each sale. This may not sound like much, but it adds up, especially when you submit a lot of designs. I upload paintings both new and old, so instead of collecting dust, my artwork can earn some cash. She also makes money through traditional art licensing, and through online tutorials. I’ve included only two of the four examples. If you know exactly how much your monthly expenses are, and if your passive income becomes greater than your expenses, then you can retire, or at the very least lose your job and still be able to live.  A word of caution, I think it’s foolish to quit your job in the pursuit of acquiring passive income generating assets.  I know someone who quit his job to build a business against my and some wise business men’s council, and I watched his financial life fall apart. He now jumps from job to job and one get rich scheme to another. Your job no matter what it is, it is providing for your healthcare expenses, paying your existing bills, putting food on the table, and caring for your family. Build your assets over time with your job. Before you ever quit your job, know your numbers, have a plan, and surround yourself with good wise friends.

This week, I’ve included KEEP STANDING – Most Emotional Motivation Video EVER – (Don’t Give Up) from the Mulligan Brothers YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

October 14, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/bitcoin-gold-opposites-why-you-might-want-to-stock-up-2017-10

Bitcoin is frequently compared to gold. But it’s not an either/or proposition… and I’ll tell you why. Indeed, gold and bitcoin are the only two widely distributed, decentralized methods of exchanging value as currency. There is no central authority issuance like there is with U.S. dollars or any other fiat currency. Likewise, neither bitcoin nor gold can just be “printed” at the push of a button by an anxious central banker. You have to either earn your gold by mining it – which is also what you do to get bitcoin, but with computers instead of picks and shovels – or you can pay cash for it. But there’s one big difference between the two…Gold is the very opposite of new technology. Gold is a physical, tangible and real asset. Gold is a physical tangible asset that has held value for thousands of years. Bitcoin is a code that is store on the internet, and if you lose it, then you lose your bitcoin. I’ve had friends that have lost their private key and as a result have lost access to their bitcoin. Bitcoin is built on blockchain technology and the distributed ledger system and it’s not easy to explain to the average person. Bitcoin will never be gold. Gold is the standard when it comes to being a store of value and medium exchange. But… you should still own bitcoin.  Bitcoin is the ultimate in freedom of asset ownership. The government can’t confiscate it from you, as it did from owners of gold in 1933 in the U.S. under Executive Order 6102. You can cross national borders with bitcoin in your possession on a USB-stick device, a piece of paper… or if you can memorize your private key, with no physical object in your possession of any kind. Whether your bitcoin is worth US$100 or US$100 million, it makes no difference to how you move and store it (which is clearly not the same with gold). You don’t need a trusted middleman to send it, and you can move it around the world, securely, in a matter of minutes. And if you’re looking for gains… bitcoin is a lot likelier than gold to be up 1,000 percent three years from now. Even though its price has soared over the past few years, it’s still nowhere near mainstream yet. So gold and bitcoin both deserve a place in your portfolio. Gold has stood the test of time and is a medium of storing value. Bitcoin’s time, on the other hand, is just beginning. Blockchain is the future, and when you have an opportunity to buy the future and tuck it away, you should take it. If you’re interested in learning how I purchase bitcoin or other cryptocurrencies, feel free to contact me.

http://www.businessinsider.com/how-to-spot-stock-market-bubbles-2017-10

They don’t ring a bell at the top and tell you to get out, but I have to say that I’m pretty sure that I can hear something. I’m not sounding the alarm on the entire market, but I think it is past the point where buying certain very popular technology companies is a good idea.  In fact, I’d go as far as to say that you do not want to own this group of companies today. More on that in a moment. First, let’s look back at some helpful history… I mentioned that there isn’t anyone who rings a bell for us at the top to tell us that it’s time to sell. That isn’t fully accurate, because there are always signs.  The trouble with those signs is that while they are very obvious with the benefit of hindsight, they aren’t so easy to see in real time. In 1929, JFK’s father Joseph Kennedy Sr. picked up on one of those subtle signs and didn’t just get out at the top, he scored a massive windfall on the way down as well. Kennedy had made a lot of money in the 1920’s with the market going up, but it was when he was getting his shoes shined one day that he changed his strategy and made even more money. What happened? While sitting in the shoeshine chair, Kennedy Sr. was alarmed to have the shoeshine boy gift him with several tips on which stocks he should own — yes, a shoeshine boy playing the stock market. This unsolicited advice resulted in a life-changing moment for Kennedy Sr. who promptly went back to his office and started unloading his stock portfolio. In fact, he didn’t just get out of the market, he aggressively shorted it — and got filthy rich because of it during the epic crash that soon followed. They don’t ring bells at the top, but apparently when shoeshine boys start giving stock advice it is time to head for the exits. Why was this moment important? Because someone with no education of the financial markets was gambling with the market, and if the average person with no financial experience is gambling, then when the market starts to turn down, those with financial and emotional intelligence can make a lot of profit. The author goes on to express his concern with the high level of concentration in technology companies specifically FANG+.  In fact, there is the NYSE FANG+ index comprised of Facebook, Apple, Amazon, Netflix, Google, Alibaba, Baidu, Nvidia, Tesla, and Twitter. From September 2014 to 2017, these group of stocks have had a 28.44% annualized return. The author would’ve owned these stocks three years ago but would he own them today? No!  As a group these stocks are frighteningly expensive today. That is generally what happens when stocks go up that fast, they become much less attractively valued. Rather than just take my word on that, let’s look at some facts. Here are the current trailing price to earnings multiples for each of the members of the NYSE FANG+ index:

  • Facebook – 37 times
  • Apple – 17 times
  • Amazon – 242 times
  • Netflix – 215 times
  • Google/Alphabet – 35 times
  • Alibaba – 62 times
  • Baidu – 47 times
  • NVIDIA – 51 times
  • Tesla – Doesn’t even turn a profit
  • Twitter – Doesn’t even turn a profit

 Individually these stocks range from expensive to absurdly expensive. On average though, I’d have to say the valuation of the group is close to the absurd. The average price to earnings ratio of the eight companies that actually have earnings is 88 times. Yikes! Does it mean these companies are bad companies and are going to collapse? No not necessarily, but are these prices possibly too high? Only your fundamental and technical analysis can give you the answer. Again, having financial and emotional intelligence is important when building wealth. As volatile as the stock market, you should watch the prices of the cryptocurrencies, and you’ll see truly volatile swings. Markets are controlled by supply, demand, and emotion. Carefully monitor the market and understand these tech companies to find your entry point, and always ask yourself what is your exit strategy? What are your plans with the capital gains?  Are you willing to lose it all?

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

This week, I’ve included HOW BAD DO YOU REALLY WANT IT? [SUCCESS] – Motivational Video from the Mulligan Brothers YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

October 7, 2017

Items in italics are direct quotes from the articles below

http://www.investopedia.com/articles/pf/07/disposable_income.asp

Although it is not the only factor in deciding how wealthy an individual is, disposable income does have a significant influence. If you have little or no money after taxes and expenses, then it is hard to save and invest for the future. In this article, we’ll look at four ways you can increase your disposable income. The four ways are get a raise- or a second job, start a business, investing income, and spend less. Getting a raise is one of the easiest ways to increase your disposable income this can be achieved by continuing your education, taking a pay cut in exchange for performance bonuses, and there are other guides that can help you in getting a raise. Another way is to get a second job, however the draw back to this approach as an employee as your income increases you will be pushed into a higher tax bracket. Starting a business is another way of increasing your disposable income. The difference between having a small business vs a job is that with a business you can lower your tax liability. Some of your business write-offs can even be claimed against other income sources, but you have to follow the rules carefully. (See also: Capital Gains Tax Cuts For Middle Income Investors.) The major drawback of starting a business is that there is no guarantee of success or income like there is with a raise or a second job. Starting a business takes a certain type of person, one with the motivation and the ability to handle the details involved in implementing an idea. The time, effort and nerves that it takes to run a business (that has no certainty of success) means that very few people will take this route.

Investing income is considered a form of passive income. This is a misnomer because it does take active effort to create income from investing – you have to research investments, build and maintain your portfolio, etc. – but it is generally considered to take less effort than, let’s say, shoveling concrete day in and day out. Investing income can come from stocks, bonds, real estate, or many other forms. The common theme is that they ideally produce a return on the money you put into them. (See also: A Guide To Portfolio Construction.) Creating income through investing is a process of accumulation. Even if you consistently get a return on investments (ROI) of 20%, if you only have $1,000 in the investment, you will add a little less than $200 to your yearly income after any fees and taxes have been paid (and there is no guarantee of consistent returns of even 10%). Searching for stocks with a history of dividends, sometimes called income stocks, can help create some income now, but it will still not be as rapid in results as a second job. As you put more money in, however, more money comes out in the form of returns. Investing is a great way to increase your disposable income in the long run, but it won’t do wonders for your immediate situation unless you have a huge chunk of capital just sitting around. Investing takes patience, time and discipline (it is also subject to taxation). That said, it is one of the surest ways to gradually add to your disposable income without exerting yourself too much. Finally, spending less will increase your disposable income.  Having a budget and knowing how much exactly comes in and how much exactly goes out and when it goes out is key to setting aside more money for investing. Each of these four steps should be a part of your life strategy. It’s your money and the choices are yours. What is your vision and what is your legacy?

http://www.businessinsider.com/shopify-citron-andrew-left-business-dirtier-than-herbalife-2017-10

Andrew Left is back at it again. The Citron Research founder tweeted on Wednesday that the Canadian e-commerce company Shopify was a “business dirtier than Herbalife.” He also posted a seven-minute YouTube video outlining his bear case, titled “Citron Exposes the Dark Side of Shopify — The FTC Will Take Notice,” and posted a report to his firm’s website. In the video, Left lays out the big question he has around the company: Outside the roughly 50,000 verifiable merchants working with Shopify, who are the other 450,000 the company says it has? According to Left, many of them are, among other things, influencers paid to promote the company. “Shopify, a company that has mastered the good ol’ get-rich-quick scheme,” Left says in the video. “What’s never discussed by Wall Street is the real business behind Shopify.”  Left set a target price of $60 on the stock which was 49% below the closing price on Tuesday and on Wednesday the stock dropped by 14%. Whether or not his claims are true, when he speaks the market listens and responds in kind. But Left is perhaps best known for his damning October 2015 report that accused Valeant Pharmaceuticals of being a “pharmaceutical Enron,” and he helped bring up questions regarding the firm’s accounting and relationship with the specialty pharmacy Philidor.  I’ve included the link to Citron Research here: http://www.citronresearch.com/ If you’re going to increase your knowledge in any asset class, you need to learn from people wiser than you, and trust in your God given gifts. Living in the Information Age, you have full access to as much information as you could possibly want. Carve out a half an hour to a few hours of your day to increase your knowledge and look for scenarios to apply it. Keep it simple, how can I make money, how can I money make money, and how do I repeat steps 1 and 2 to infinity?

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

This week, I’ve included YOU CAN ALSO BE GREAT” – Elon Musk Motivation – Motivational Video from the Mulligan Brothers YouTube channel.

 

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

September 30, 2017

Items in italics are direct quotes from the articles below

https://www.cnbc.com/2017/09/20/billionaire-mark-cuban-says-dont-follow-your-passion.html

Chances are, you’ve been advised to “follow your passion” or “do what you love” at one point in your life. Billionaire entrepreneur Mark Cuban says to ignore that conventional career advice. In fact, “‘follow your passion’ is easily the worst advice you could ever give or get,” the “Shark Tank” star wrote on his blog in 2012. Your passions “aren’t worth a nickel,” he continues. “Think about all those passions that you considered making a career out of or building a company around. How many were/are there? … Why were you not able to make a career or business out of any of those passions? “Or, if you have been able to have some success, what was the key to the success? Was it the passion or the effort you put into your job or company?” He encourages a person to follow the effort. Look at where you’re actively applying your time is the best indication of your future. The question is what are you building of value with your time? “But when I got one of my first jobs out of school using technology, it was like, ‘Wait, I love this.’ I’ve taught myself the program, I could go seven hours, eight hours without taking a break thinking it was 10 minutes because I was concentrating so hard and so excited and really loved it. “And that’s when I realized that I can be really, really good at technology.” Cuban argues that when you spend more time working at something, then you will get good at it, and as you get good at it you will enjoy it. “When you enjoy doing something, there is a very good chance you will become passionate or more passionate about it,” the billionaire writes. “When you are good at something, passionate and work even harder to excel and be the best at it, good things happen.” Monitor where your time and effort is going, and monitor to see if you are truly becoming an expert at it. Passion is a process, but the most important step you can take is the first step.

https://www.inc.com/linda-naiman/5-brain-hacks-that-will-help-you-think-smarter.html

When I bought my first computer years ago, I hired a tutor to teach me how to use it, but before she had finished giving me instructions my fingers were all over the keyboard pushing buttons. “What do these do?” I wanted to know. She was a little horrified because I could have frozen my computer, but she told me I was a natural-born hacker. I laughed and was glad to know that. Hackers are naturally curious and resourceful. We like to find expedient ways to solve problems; kind of like design. I asked Neil Pavitt, author of Brainhack: Tips and Tricks to Reach Your Brain’s Full Potential, (an incredibly useful book which he asked me to comment on before it went to press) for some effective hacks you might not know about. Happily he obliged: write by hand, don’t try to have good ideas, just say it, plan a pre-mortem, and turn performance anxiety into performance energy. Writing by hand forces your brain to think and capture only the essential information vs typing. To have a truly good idea, you should be willing to put all your ideas on paper, and out of those ideas, you can find one good idea. Even verbalizing a problem will help engage your brain into solving a problem vs. thanking about it. When you create a plan, imagine the worst-case scenarios and this will engage your mind to creatively solve each problem that could arise. At work you want focused performance energy, but you don’t want the stress that comes with performance anxiety. The trouble is, your adrenal gland can’t tell the difference between you needing the energy at work, to you worrying about it at night. Stress is just performance energy that’s outstayed its welcome. So to make your performance energy work for you, start by spending less time thinking and more time planning and doing. If you’ve got a speech or presentation to make, don’t spend time imagining how it’s going to go, write down what you’re going to say and practice it. These simple techniques are for the express purpose of exercising your brain, and increase the performance not just at work but in life.

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

This week, I’ve included One of the Most Motivational Videos You’ll Ever See [WARNING!!! – Belief Changer] from the VideoAdvice YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG