October 14, 2017

Items in italics are direct quotes from the articles below


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.


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


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?


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 9, 2017

Items in italics are direct quotes from the articles below


Performance expert and coauthor of  “Peak Performance: Elevate your Game, Avoid Burnout and Thrive with the New Science of Success,” Brad Stulberg explains how the psychological concept of “flow” can help you get in the zone at work. Following is a transcript of the video.

“Flow” is a term introduced in the early ’90s by a psychologist named Mihaly Csikszentmihalyi. And the easiest way to describe “flow” is it’s being in the zone. So, it’s when you are completely present with what you’re doing, and it’s like the outside world disappears. So, your perception of time might change, your perception of space might change, you’re just completely latched on to what you’re doing. It’s a wonderful feeling. Although there’s no recipe for entering a “flow” state, there are a few things that can help elicit this beautiful feeling of being in the zone. First and foremost is to try to pursue activities that are ever so slightly outside of your comfort level. So, I like to think of it as if you have a skill set, and then a challenge. And you want the challenge to just be ever so slightly above the skill.

Let’s say that you have very high skill. Well, if the challenge is low, you might be bored or apathetic. If you have low skill, but the challenge is high, you’re going to be overwhelmed, maybe anxious, you won’t be able to do it. But if you have a high amount of skill for something, and the challenge is really high, that is a really important criteria for being able to get into the zone.

I think a second foundational element is just trying to be fully present and focused with what you’re doing. And, that helps if the challenge and the skills are both high because you almost have no choice but to be present.

So, to recap, it’s activities that put you ever so slightly outside of your comfort zone, but that you’re still quite skilled for, and a type of full focus and presence where you really bring your all to that activity. If you’ve ever played any type of sport, the flow or zone can be described as a slowing down of the things around you. Some believe that in these moments, the brain is processing information and reacting at such a faster rate that it seems like everything is slower. In my opinion this natural state can be obtained through mindfulness and meditation. The importance of achieving this state is to increase your productivity and efficiency in work and life.


A dozen years ago, the largest internet company in China wasn’t Alibaba or Tencent, but game developer Shanda Interactive Entertainment Ltd. Its founder was a young man named Chen Tianqiao, who had become a billionaire at 30. Chen was more prominent than Alibaba’s Jack Ma for much of the last decade — then he disappeared. He left China, dropping out of public view almost completely. He took his Nasdaq-listed company private in 2012. Chen is finally ready to talk publicly again. Now 44, he’s living in Singapore with plans for his next act. During a visit to his office there, he explained what led him to give up his life’s work and cede the market to Alibaba Group Holding Ltd. and Tencent Holdings Ltd., whose founders are now the country’s two richest men. It started with panic attacks in his 30s, then escalated amid the rising stress of competition and government regulations. He eventually decided he had to salvage his own health. His mental struggles and Buddhist beliefs lead him down a new path, which was research on the human brain. He set aside $1 billion to start the Tianqiao and Chrissy Chen Institute for Neuroscience. The concept for the school is unusual to say the least: It will bring together academics in everything from neuroscience, biology and psychiatry to philosophy and divinity studies, and encourage them to work together. Chen thinks it’s time to focus on improving humans’ emotional well-being after centuries of effort to increase living standards. “This will be a university whose mission is to try to answer who we are and where we come from,” he said. “For thousands of years, we improved our happiness through changing the physical world. We now have to solve this problem by exploring inward.” Chen was born in 1973, and started Shanda in 1999 not long after meeting his wife Chrissy while working at a securities firm. Chen and his wife made their own way through creating an online gaming company. His company saw success over the years at the consequence of his health via panic attacks. A devout Buddhist who studied ways to transcend suffering, Chen decided to change course for good: The family relocated to Singapore in 2010 and began to withdraw from the business. In 2011, they offered to take Shanda Interactive private for $2.3 billion. They later sold off their stock in Shanda Games and Chen resigned from its board.  For three years, Chen and Chrissy considered what their next step would be, which ultimately lead to the brain. The couple sees enormous business opportunities in understanding the brain, especially in the areas of researching debilitating diseases such as Alzheimer’s. His Singapore based investment firm has invested in 100 advanced technology ventures throughout the world. Chen sees virtual reality as the best form of technology to connect with neuroscience. He has used his assets to make investments well beyond the cerebral. He is the largest shareholder in peer-to-peer giant LendingClub Corp. and in the rural U.S. hospital chain Community Health Systems Inc. He also holds chunky stakes in Legg Mason Inc. and KKR & Co. He’s even bought up more than 700,000 acres of timberland in the U.S. and Canada. Chen’s influence in China endures. Several of his lieutenants have gone on to become stars in their own right, including Daniel Zhang, who was Shanda’s former chief finance officer and is now Alibaba’s chief executive officer. Even though he is no longer the person he was, Chen accepts his current reality with little regrets and seeks to move forward to a new future. Growing up in a Buddhist home, I learned many of the principles of Buddhism and in some ways, I look at life through a middle way lens without attachment. In my mind, it’s important to continue to move forward to make a lasting difference for the future and eternity. If a billionaire can make a conscious choice to change direction in his life, then I believe anyone can change the course of his or her 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 The most motivational video Ever! 2018 will not be the same after watching this 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

September 2, 2017

Items in italics are direct quotes from the articles below


There’s a funny truth in the business world: hard work does not equate to success. If you’ve believed in this supposed connection for any length of time, you may find it unbelievable that there is in fact no direct cause-and-effect relationship between those two things. So, if you can’t draw a straight line between working hard and achieving your goals, then what else is there? To help answer this conundrum, I turned to my consulting coach, J.V. Crum III — an author, keynote speaker, and serial entrepreneur who made his millions by the ripe old age of 25. Now, he shows other business coaches and consultants how to go from six to seven figures and beyond in their businesses, and teaches high net worth business founders how to move from making a tiny ripple to making a tidal wave of impact with both their passions and their profits. When I asked him about how to systematically set goals and rapidly achieve them, he told me the one reason why most people never come close to achieving their biggest goals. He pointed to his head, and said, “anything you achieve in life, you have to achieve it in here, first.” In his book, Conscious Millionaire: Grow Your Business by Making a Difference, he goes in-depth on what he calls “Conscious Millionaire Visualization,” which is a high-level form of goal visualization. It not only empowers you past the point of most visualization approaches, but it also gives you permission to live at your highest potential. Visualization is powerful technique in the sports realm, but Crum argues it’s essential to achieving your financial goals. It’s important to put yourself into the mental state of success vs. simply wanting to be in that state. Those that are successful already feel like they’ve achieved it. Your mindset, as I’ve personally learned, is everything. What I’ve also learned is that the power of visualization does not come through voodoo or magical energy (though I’m willing to be debated on either). Instead, I have found that visualization works, in part, because we tend to make different micro-decisions based on our state of mind. In other words, we make tiny, seemingly insignificant variations in our daily habits that, over time, add up to wildly divergent outcomes. The author suggests that you close your eyes and envision achieving everything you’ve ever wanted and more. Can you imagine what this moment would be like, and while in this state, can you see yourself taking these steps, and when you open your eyes make a conscious decision to stay in that state.  Our words have power. What you think and say to yourself can create a reality in your mind. Constantly push your limits whether its financially, physically or mentally. Be the greatest version of you there is to make a difference in the world around you.



Brad Stulberg, coauthor of “Peak Performance: Elevate your Game, Avoid Burnout and Thrive with the New Science of Success” shares how you can stop feeling exhausted after work every day. Following is a transcript of the video. Sleep is just so important so I’d start there, that to me is the lowest-hanging fruit. If you’re not getting between seven to nine hours of sleep, I’d really make that a priority.  Second to sleep, I think that particularly if the work that you do involves your mind, not your body, exercise is a wonderful tool. It allows you to get in touch with a more physical sense of yourself, which I think, in it of itself, is very powerful but there is also lots of research that shows that exercise helps with a lot of the things that are driving people crazy about work. So things like anxiety, things like willpower, those can all be boosted by regular exercise. Another thing that is very interesting to me is this notion of “social ties” and what I call “social recovery”. So just hanging out with a group of people that you enjoy spending time with, not necessarily talking about work and things that are stressing you out, that defeats the purpose, but hanging out, having a good time has actually been shown to change our biochemistry and give us those same hormones that again promote growth and promote recovery. Honoring the principle of rest in any form will allow your body to not just heal but to perform at a high level. If you imagine your body like a rubber band, the more you stretch it, the more elastic it will become. New limits will be put in place, but remember to rest, and surround yourself with others who can strengthen you too. Don’t do life alone, because we’re better together.

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 THE HERO IN YOU – BEST Motivational video for Success 2017 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

August 26, 2017

Items in italics are direct quotes from the articles below


 There isn’t one single path to wealth.  “I think it’s possible to have a million dollars in the bank even if you’re not an entrepreneur,” said billionaire “Shark Tank” investor Mark Cuban in a new interview with MONEY and Spanx founder Sara Blakely. “There are a lot of strategies for people who work their way up the corporate ladder, or even bounce from job to job.”  While there isn’t a singular job or investment that will guarantee wealth, Cuban says, there is one trait that will definitely help you get there: Discipline.  The Dallas Mavericks owner said the 1988 book “Cashing in on the American Dream: How to Retire at 35” by Paul Terhorst helped him develop discipline around saving and spending money.  “The whole premise of the book was that if you could save up $1 million and live like a student, you could retire. But you would have to have the discipline of saving,” he said. In his book, Terhorst advises savers to dramatically reduce housing costs and forgo luxuries like fancy cars and vacations, even if you can technically afford it.  Cuban’s strategy for savings a lot of cash was through living frugally. Along with his discipline, he looked to take risks. “Part of the risk is maybe putting money into a low-cost mutual fund,” he said. “Or invest in your education — whatever it may be to help you get to the point where you can truly save money.”  Keep in mind that a get-rich formula, and luck will not lead to a seven-figure net worth or early retirement. The key strategy is living below your means, and having a strategy for the extra income. Some key points to remember is that Mark Cuban became a millionaire at 32 after selling his first company and became a billionaire with the selling of his second company in less than a decade later. If you want to attain that high net worth then consider building an asset high enough to sell it. Concentrate on keeping your job to pay your living expenses and consumer debt, and focus on building passive income generating assets.


Since its advent in January 2009, Bitcoin’s presence in the world has increased quite dramatically. Conceived as a cryptocurrency and digital payment system, it is also beginning to take on a more physical form. The decentralized governance of Bitcoin is one the main attractions among people who are skeptical about the efficiency and fairness of a central bank. Now, with several thousands of merchants and vendors accepting payments in bitcoins and ATMs popping up, Bitcoin is quickly becoming an influencing economic force as well in various nations. So, here are some amazing facts about Bitcoin that we are sure you would enjoy reading about. The ten facts are:

The founder of Bitcoin is someone known as “Satoshi Nakamoto.” No one knows who he is, what his real name is, or where he lives. As of 2017, he owns up to one million bitcoins which have an estimated value of $2.7 billion

The first real-world transaction using Bitcoin was done to purchase two large, Papa John’s pizzas for 10,000 bitcoins. As of August 2017, that amount is now worth $27 million.

Unlike what most people think, bitcoins are not unlimited. The number of bitcoins in circulation will never exceed 21 million

The global Bitcoin computing power is 256 times faster than that of top 500 supercomputers combined!

Bitcoin has been sent into outer space.

Bitcoin uses a public ledger called “block chain” for transactions. The invention of block chain made Bitcoin the first digital currency to solve the problem of double spending, an error in digital cash which allows the same token to be spent twice or more.

If you had invested $100 in Bitcoin in 2010, you’d be worth $72 million now.

The largest transaction ever made on the network was for 194,993 bitcoins. That was more than $147 million according to the effective rate in November 2013. The transaction was tagged “Sh*t Load of Money!”

Every bitcoin transaction, no matter how small, uses at least enough electricity to power three average homes for an entire day.

The FBI has the world’s largest Bitcoin wallets consisting seized bitcoins, apart from Satoshi Nakamoto.

These facts are as of the writing of this article. Personally, I’ve started investing in cryptocurrencies. I believe that our world is shifting into a digital world, and the next shift is within currencies. Keep an eye on Ethereum and specifically the concept of smart contracts.

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 THE PSYCHOLOGY OF GREATNESS – 2017 Motivational Video from the Basquiat Picasso 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


August 5, 2017

Items in italics are direct quotes from the articles below


The average morning commute in the US is just shy of 30 minutes. That’s no fun if you spend it in rush-hour traffic, but it’s a good time to try out a new podcast, especially one that upends the way you see and think about the world. From business to history to psychology, here are some of the most mind-expanding podcasts that you can gobble up in a half-hour or less. The nine podcasts are hidden brain, happier with Gretchen Rubin, Arming the Donkeys, 99% invisible, Planet Money, No Such Thing as a Fish, Revisionist History, Success! How I Did it, and the Food Chain. Personally, I didn’t start seriously listening to podcasts until earlier this year, so I’m learning more and more about the content available. There’s literally thousands of podcasts on just about any topic you can imagine. Unless you have an unlimited data plan, I suggest downloading an episode to your media device and playing it through either Bluetooth or USB. In my work place, some of my co-workers have said that their car is their office. I suggest instead of just listening to music, strengthen your mind by listening to a podcast on a topic you enjoy. I’ve selected a few highlights from the article, but be sure to read the article. In Hidden Brain, host Shankar Vedantam guides listeners through their own cognitive missteps, biases, and blind spots. He reveals the many hard-to-see ways our decision making and judgment are influenced by various forces, such as our built-in fear of losing money and our tendency to romanticize the past. There’s a lot we don’t know about the human brain, but Vedantam illuminates the fascinating things we do know — but probably don’t notice. Finance can be a snooze to most people, but Planet Money takes a sideways look at the world of cash and business. The podcast explains complex topics in easy-to-understand terms. Past episodes have delved into the complex world of aquarium bartering and free-money programs in Kenya. Listening regularly might help you get a firmer grasp on 401(k) programs or hedge funds, but that knowledge will probably come through strange, funny stories. Put on by the BBC, The Food Chain explores the food industry from all angles, including the science of food production, the business of moving food from farms to supermarkets, and the latest health trends. The series also examines the cultural significance of certain foods, taking an anthropological approach to the topic. Recent episodes question whether foods need added doses of micro-nutrients (such as iodine in table salt), and what the diets of people who live to be older than 100 have in common.

Your brain is one of the most important muscles in your human body. Constant exercise and proper rest will help you unlock new ways of thinking, and problem solving, that can help make a difference in your life, but in other people’s lives too. I’m going to subscribe to Planet Money to listen to a few episodes. I already subscribe to: TEDTalks, the Time Ferris Show, ARC, the Tony Robbins Podcast, John Maxwell, Gateway Church Audio Podcast, Jentezen Franklin, and the Rich Dad Radio Show. If you’ve got the long drive to work then consider adding podcasts into your routine.


I’m playing Jenga because that’s what my nephews always want to play when I’m around. But then we move on to Xbox because kids get bored quickly, so we have to change from one thing to another.  So why when we grow up do we have to play the same game over and over again for the rest of our lives? I mean, as soon as you discover what you’re good at you have to do that for your career.  And then because you can earn more money in that field than any other field you’re forced to do it forever. You never get to say, “I’m bored and I hate my job and I want to play something else.” You might know how this feels because 70% of people hate their job and The 4-Hour Workweek spent more than four years on The New York Times bestseller list.  Most people tell themselves, “Well, that’s just the way life is.” I know, because that’s what I used to say until I discovered financial independence.  And I’m going to tell you everything you need to know about how to become financially independent in just one sentence. Are you ready? Spend less than you earn and invest the difference.  The reason it is often hard for people to obtain financial independence is the endowment effect. It’s putting more value on what we have vs. what we don’t have. Financial independence requires hard work and discipline. Mark Cuban said time is your most valuable asset: “You can’t buy it, you can’t find it, you can’t store it, you can’t trade it.” What he’s saying is if you’re not doing what you want to be doing with your time you’re wasting it, because you can’t get any more of it. When you become financially independent you get your time back because now you control it, and that’s what financial independence is really about. Freedom is something that can be obtained in this lifetime if you’re willing to examine yourself and determine what makes you happy. Personally, I’m focused on legacy and eternity. I want to have a family of my own children and have enough passive income producing assets that can pay more than our monthly expenses, so I can work at my job in freedom and not dependent upon a paycheck. With every penny, I’m also focused on giving to my church, Church of the Highlands. As a part of the Legacy team, I give to the Capital Buildings, Highlands College, Local, National and Global Missions Lanes. I have faith that each contribution will make a difference in someone else’s life. I also trust that my family will one day follow my vision.

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 THIS IS YOUR MOMENT – MOTIVATIONAL VIDEO [GYM MOTIVATION] 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

July 26, 2017

Items in italics are direct quotes from the articles below


You don’t have to be Floyd “Money” Mayweather to find yourself in significant tax trouble thanks to self-employment income or a one-time windfall.

Boxer Floyd Mayweather’s upcoming bout against UFC mixed martial arts fighter Conor McGregor, who is making his boxing debut, stands to make Mayweather a minimum of $100 million, according to Boxing Scene writer Keith Idec. However, if he meets several of the clauses in his contract, that figure could swell to nearly $400 million.

According to the folks at Law 360, however, at least a portion of that will go toward paying for back taxes. Despite making $700 million during his career, Mayweather has asked for “a short-term installment agreement of under three months” to pay an amount that the Associated Press has pegged at $22,238,255. Reporter Oskar Garcia even posted the Internal Revenue Service lien against Mayweather on Twitter for context: (see article). Back in 2015, Mayweather had earned $250 million in his fight against Manny Pacquiao. Shomari Hearn points out that there are several factors that can make a tax lien that large: Owing more than $22 million for the 2015 tax year means that the amount that’s on the tax lien includes a bunch of penalties and interest charges as well,” he says. “If you underpay your tax liability for self-employment income, you need to cover at least 100% of the expected tax liability for that year or 110% of the previous year’s liability to avoid penalties and interest.”

Hearn notes that self-employed workers or people who come into a windfall (lottery winnings, sale of a business, etc.) typically run afoul of tax issues similar to those Mayweather is facing. If they’re unaware that a percentage needs to be withheld for tax purposes, or are used to any employer or human relations department walking them through tax withholdings, they could find themselves staring down a tax assessment and lien of their own. It’s important to do tax projections to see how much you could potentially pay in taxes, and begin setting aside a portion of your income. If you know funds are going to be coming in then act. If you find yourself in Mayweather’s position then consider these three actions. “First, keep all correspondence you receive from the IRS about how much you owe. Second, hold on to a copy of the tax return from the year or years in question and see what you reported and/or what you’re underreporting. Finally, figure out how much is due and a way to pay that balance off that’s within your budget. Also, if possible, have a plan in place for the current year so your earnings aren’t in similar peril around the same time next year.”  Whether you agree with our current tax system or not, it’s important to pay your taxes and avoid unnecessary penalties and the stress of the IRS. Consider consulting with a tax attorney for relief, and at the same time get with a qualified accountant or tax specialist to see if there’s any way to take advantage of the tax incentives that are built into the law. Personally, I examine at least 50 tax returns per year when I’m analyzing credit. The consistent theme I see is that the truly rich limit their tax liability, and yet still have plenty of income.


Ask any copywriter to name their biggest challenge today, and ten to one will tell you it’s writing for the ever-shrinking attention span. Whether we really do have shorter attention spans than goldfish, as the news tells us, or we’re just lazier, there’s no denying our tolerance for lengthy, complicated text has nosedived in recent years. For those in the business of writing cold emails every day, this is a constant source of frustration. It’s hard enough to get a potential buyer past the subject line of a message, so it’s downright disheartening to know that when you do, there’s no guarantee someone will read to the end. How many of us simply glance at a long email and quickly move on, or sometimes need a dictionary to understand a pitch? Have you ever received an email that felt more appropriate for a creative-writing class than a business relationship? These mistakes aren’t exclusive to sales, but they’ll sabotage a cold email in mere seconds. To keep your potential customers reading and your chances of closing a deal higher, follow these five easy copywriting strategies: Assume  your reader is lazy, keep sentences short, use simple words, tear down walls of text, and write to a mobile audience. As the world transitions to a more visual form of communication, writing will still have value, but writers will need to be able to be more clear and effective with the words they use. In helping a friend design her blog, I even suggested that she simply type a sentence, and include a video link at the bottom. You should understand that because your audience is more mobile, the attention span will be shorter, and you must account for other business owners wanting to make their presence seen in the global marketplace. In your communication keep it short and effective but know your audience. Remember that your words have power, but your reputation does too. The stronger your relationship is with the audience, or your recipient, the more likely the person is to read your words.


Going forward, the weekly blog will be posted on Saturdays. I’m currently writing and reading new articles so thank you for your patience.

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 RETRAIN YOUR BRAIN – Best Motivational Video for Success in Life & Study 2017 from the Be Inspired 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