July 26, 2017

Items in italics are direct quotes from the articles below

http://www.marketwatch.com/story/floyd-mayweathers-tax-strategy-would-knock-out-your-finances-2017-07-19

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.

https://www.inc.com/heather-r-morgan/5-writing-tricks-that-will-help-you-appeal-to-short-attention-spans.html

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

 

 

July 19, 2017

Items in italics are direct quotes from the articles below

http://www.cnbc.com/2017/07/11/marcus-lemonis-this-is-the-no-1-sign-its-time-to-fire-someone.html

When you’re running a small business, there’s not much room for an employee who isn’t meeting expectations — one person’s poor performance can impact the entire company. But how does a manager know when it’s time to let an employee go? That’s the tough lesson that turnaround king Marcus Lemonis has to teach one business owner on this week’s episode of CNBC’s “The Profit.” Though Lemonis has helped dysfunctional teams overcome obstacles before, he faces a challenging environment at California-based Bodhi Coffee, a high-end coffee bean wholesaler. Their story illustrates a key management lesson for business owners: When an employee demonstrates consistent disregard for a company’s well-being, it’s time to take action. In this article, the author examines Bodhi Coffee. The company saw success in its first few years of operation, but its internal issues were revealed as the company grew, and those issues were a direct result of one employee. Because the employee didn’t have consideration for his co-workers, the company began to suffer, and the owner had to change how he ran his team. “Humility is a requirement for me to be in business with somebody,” Lemonis tells Sims, “but there’s a certain amount of confidence I would like you to have to be partners with you.” Sims began holding more staff meetings to increase communication with his team. He had a difficult conversation with the under-performing employee and after weighing the pros and cons of letting him go, Sims decided to terminate him. “You’ve got to be able to communicate,” Lemonis says. “If you can’t, it’s like, people don’t know what to do.” Communication is the most essential key in any relationship both business and personal. Personally, I have an open-door policy, and don’t believe in talking behind another person’s back nor ruling by fear. Work is a place you should want to be at, and if it’s not there are other jobs out there. At the same time, co-workers should respect each other, and treat each other with care. Some of us will spend 8+ hours with the person next to us, and having a good work environment is essential for productivity and efficiency.

https://www.inc.com/brian-scudamore/how-to-build-a-multi-million-dollar-business-wi.html

Spoiler alert: most of today’s top companies are based on old ideas. Uber is a modern twist on the taxi industry; Airbnb has done the same with hotels. Tesla’s electric vehicles are just another incarnation of a centuries-old idea. And yet the founders of these companies are heralded as the most innovative entrepreneurs of our time. Entrepreneurship is rarely about inventing the next best thing — it’s about innovation, thinking differently about how things work, and asking questions others won’t. You don’t have to be revolutionary to be successful; you just need to revolutionize the way things are done. Invention vs Innovation: What’s the Difference? These words are often used interchangeably, but they’re very different. Inventors introduce a product or process for the very first time. Innovators identify opportunities to improve on existing inventions. Not all inventors are entrepreneurs (in fact, that’s a rarity). Likewise, entrepreneurs are hardly ever inventors — but they are innovative. They don’t have to come up with the big idea; they can take any idea and turn it into a successful business. For example, Tim Bernets-Lee invented the world wide web but didn’t turn it into a business, and Richard Branson hasn’t invented anything, but has improved on existing businesses. The mistake people make is that the word entrepreneur is an occupation when in fact it’s a mindset. Personally, I hate using that word, and I feel it’s been overused. Away is transforming the luggage industry by meeting real travelers’ needs. Netflix took over the video rental space by bringing the movie store to your living room. The most successful businesses don’t have to invent a completely new product — but they do need to reinvigorate old ideas with new-and-improved tricks. To stand out, your business must have a differentiator. Staying ahead is about making things easier for your customers than any other company on the market. By thinking unconventionally about conventional things, you can make even the most ordinary things exceptional. Look at the opportunity in the world around you and ask yourself: how can I make it better?

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 WHEN LIFE GETS HARD – 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 12, 2017

Items in italics are direct quotes from the articles below

https://www.inc.com/brenda-barbosa/these-6-questions-from-a-buddhist-monk-turned-millionaire-investor-will-help-you.html

Christine Comaford sees this problem time and time again. From U.S. presidents to billionaire CEOs to budding entrepreneurs, the problem that continually arises for leaders throughout all stages of growth and development is answering a deceptively simple question: What do I want? Answering this one crucial question is the first step to reaching any desired outcome. But for so many, the answer is elusive. In fact, most people are pretty good at rattling off in full detail all the things they don’t want, but when it comes to describing what they do want, the specifics are remarkably fuzzy. Getting clear on the exact outcomes you’d like to achieve, and knowing what you have to give up (or postpone) in order to reach those goals, is the key to success because there are no achievements that come without corresponding trade-offs. “Many people actually don’t know what they want, or they don’t know the cost of it,” Comaford says in this interview. “And if you don’t know the cost of it, you can’t create it.” At the age of 17, Comaford entered a Buddhist monastery where she stayed as a monk for seven years. Afterwards she had careers with Microsoft, Adobe, and Apple, and became an angel investor for such start-ups as Google, and even wrote two New York Times bestselling books. It was this unconventional set of lives that would lead her to become a high performance executive coach. She now has “a 360-degree ability to understand business not just as a set of strategies but also as a complex web of human interactions.” She seeks to help a person with the simple question of what do you want?, and if you struggle to answer this question she takes you through the Outcome Frame which is a series of six questions: what would you like?, what will having that outcome do for you?, how will you know when you have it?, where when and with whom do you want it?, what of value might you risk or lose?, and what are the next steps?. These six questions will help guide and shape your drive and give you strength. I suggest that you write these six questions and place them where they can be seen, and even take the time to review them at least monthly. The more you remind yourself the more you can re-align yourself. Personally, I look at my life through the lens of eternity and legacy. I use Church of the Highlands‘s Steps to help me understand my relationship and relationships in general. The four steps are: Know God, Find Freedom, Discover Purpose, and Make a Difference. I believe once you understand your purpose and live in it, you’ll have a sincere desire to make a difference in this life and not just in this world.

https://www.inc.com/marla-tabaka/forgetfulness-is-just-annoying-9-unusual-ways-to-improve-your-memory.html

Don’t you just love it when this happens? You go to another room in the house for some reason and there you are, but you can’t remember why. Or, you shake someone’s hand and forget their name before you even let go. Oh, and my favorite: running into the grocery store to pick up two or three items, only to head home without the most important ingredient–which was why you went to the store in the first place. That’s just annoying. The symptoms of poor short-term memory can be caused by preoccupation, distractions, lack of focus, and a weakened memory muscle. Sure, it gets worse as we age, but people who are overwhelmed struggle with forgetfulness at any age. Entrepreneurs certainly fit into this category. None of it is totally out of your control. Try these slightly off-beat ways to exercise your memory muscle and you could see an improvement in weeks. The nine unusual techniques are: chew gum while learning, move your eyes from side to side, clench your fists, use unusual fonts, doodle, laugh, practice good posture, eat a Mediterranean diet, and finally meditate. Laughter is a medicine that is good not just for your body but your soul as well. After watching a funny video for 20-minutes, cortisol levels were lowered for participants. Since this hormone is associated with stress, which is known to negatively impact the memory, a good dose of daily laughter will prove beneficial for your overall health. Finally, meditation is a simple practice that anyone can do. Even if you spend five minutes to slow your day and breathe deeply you cause your mind to focus in a new and different way. Regular meditation improves your ability to focus, and even pass tests. I can testify to this as it definitely affects my focus and short-term memory when I fall off my meditation track. This may be why: Studies at Harvard Medical School revealed that people who meditate have more control over alpha rhythm–a brain wave believed to filter out everyday distractions, allowing more important things to process. This is only one hypothesis. Meditation is known to significantly increase blood flow to the brain and multiply storage mechanisms, ensuring that your brain retains the ability to store new memories now, and as you age. Meditation over time becomes a practice as natural as breathing. There are also different types of meditation that you can explore. Just take a moment and be still.

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 BE THE HERO – Motivational Video [ JOE ROGAN] 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


June 28, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/barbara-corcoran-swears-by-1-interview-question-2017-6

When Barbara Corcoran interviewed candidates for her successful real-estate brokerage, she never bothered to read their résumés first. Résumés can be easily fabricated and perfectly finessed, so she didn’t see the point. Instead, she wanted to know one key fact about each potential employee: Was he or she happy? The “Shark Tank” star looks deeply at a person’s personality and drive. Her one interview question which helps her determine if someone fits her company is: tell me about your family. Corcoran says she wants to know about a prospective employee’s parents. How he or she grew up. How someone speaks about family reveals so much about how that person learned to approach challenges. By the time someone is sitting across from you in an interview, his or her perspective is most likely pretty ingrained. “If their family couldn’t give them a positive attitude, there’s nothing I can do that’s going to change it,” she says. From her point of view, unhappy people often don’t reach their full potential. She especially hates complainers, and doesn’t tolerate those who play the victim card. She even has a dramatic way to move on from complain-y entrepreneurs. When she first signs a deal with any entrepreneur, she displays his or her photo on the wall of her office. But the moment she hears that entrepreneur start playing the victim card, she flips the photo over. “They’ll never succeed. Victims don’t succeed,” she says. The words you speak into your soul have power over you. Good words can produce good results, but even deeper than that you need to have faith in your words too. Even if you don’t believe them initially, constantly search for your inner why, and begin surrounding yourself with those who are willing to walk with you. Build a community if you must, but ultimately discover purpose and make a difference. If you fall, then get back up until you climb your personal mountain. Successful investors will invest in you if you have the tenacity and conviction to follow through with your plans. Your words are important, and they will bring life or death.


http://www.businessinsider.com/how-stop-overspending-2017-6

At just 27 years old, the blogger behind the Money Wizard — who goes by the pen name Sean online — has banked more than $181,000. He’s on a mission to retire early, at age 37. Sean saves 65% of his take-home pay — he earns $80,000 a year as a financial analyst — and still manages to travel frequently. “Probably what’s most driving me [to retire early] — I just want freedom,” he told Business Insider. “So many people get caught up in the race of materialism, thinking that next house or next car is what will make them happy. I think happiness comes from freedom. I just want to be able to do what I want, without financial worry.” He saves automatically each month, putting his money into a 401(k), IRA, and index funds. “Saving off the top,” he said, is the best strategy for socking away money because you don’t miss the cash if you don’t see it in the first place. Sean’s philosophy for building wealth is based on calculating the value of his time in dollars. “Understanding that, at its core, money is a unit of exchange for time … every purchase costs me time — the most limited resource we have,” he said. Before buying something, Sean often calculates the true cost of the purchase, in terms of the time it took him to earn the amount, to put it into perspective. “If I buy a $30 dinner, that dinner is paid for in after-tax dollars and is subject to sales tax. If I’m in the 25% tax bracket and the dinner is subject to a 10% meal tax, that $30 dinner costs nearly $45. After considering the time spent working to earn $45, is the fancy dinner still worth it?” he said. How much is your time worth to you? There’s only 24 hours in a day, seven days in a week, and 12 months in a year. Try Sean’s exercise and consider how much time at work you must sacrifice every time you buy something you don’t need. Make your money work for you, and learn how to work smart not just harder. Your imagination can create new and wonderful ways to make life better. How can you make a difference? How can you take this difference and place it in a business model? Can this business become an income producing asset? Can the business be scaled? How much money do you need to live? These are all deep personal questions that you should take the time to think about. Once you are done thinking, act and make life happen.

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.

For this week, I’ve included GET UNSTUCK FROM DESTRUCTIVE HABITS – Motivational Video for Success & Studying (end laziness) from 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

June 14, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/how-to-stop-using-filler-words-speech-presentation-2016-12

Americans are famous for using filler words like “um”, “uh”, “like” and “y’know”. On average, we utter two to three filler words for every 100 words we speak. One method to stop using filler words is the clap method. Ask someone to listen to you speak and clap whenever you use a filler word. It will seem weird at first, but you’ll be able to determine how many filler words you use in your daily conversation. The self-recording method involves setting up a camera or cell phone device to record yourself during conversation. The best way to correct yourself from using filler words is by pausing in between each thought. “It is a matter of training yourself to tolerate a long pause and telling yourself that you will not lose people’s attention or respect.” – Paula Statman. People will also use filler words when experiencing anxiety. A good way to manage this anxiety is to shift your focus to helping the audience. Finally, it’s important to practice giving speeches, so you will build your confidence. The best way to communicate your spirit is through your words, and in my opinion the most efficient and effective way to communicate your words is through speaking. Your spoken words can communicate tone in a way that written words can’t. Remember that words are powerful. Words can become flesh.

https://www.bloomberg.com/news/articles/2017-04-25/renaissance-mints-another-billionaire-with-two-more-on-the-cusp

“Today a reader, tomorrow a leader.”

―Margaret Fuller

Want to know one of the “secrets” to becoming a better leader? Become a more voracious reader. One of the best ways to “stand on the shoulders of giants” is to read. We hear it all the time–that the most successful people, our greatest leaders, are people who read constantly (including Bill Gates, Steve Jobs, Elon Musk, and Warren Buffett). Reading for leaders is a way to broaden their knowledge, to expand their world view, to gain insight and widen their perspectives. But the secret is knowing what to read. Not every book will get you where you need to be. Here is my list of the top five books you must read if you want to become a more successful, well-rounded leader. The five books are: The Leadership Gap: What Gets Between You and Your Greatness, Turn the Ship Around! A True Story of Turning Followers into Leaders, Give and Take: Why Helping Others Drives Our Success, The 48 Laws of Power, and Wooden on Leadership: How to Create a Winning Organization. Each book is worth reading, however I’ve selected a direct quote from the article regarding the 48 Laws of Power. “When you show yourself to the world and display your talents, you naturally stir all kinds of resentment, envy, and other manifestations of insecurity. … You cannot spend your life worrying about the petty feelings of others.” A contrast to the usual “feel-good” tone of most leadership books, The 48 Laws of Power brings a hard-edged ruthless grit based on the philosophies of Machiavelli, Sun Tzu, and Carl Von Clausewitz and stories of politicians and other manipulators throughout history. Robert Greene’s “48 laws” focus on making yourself look good, building your own confidence, self-preservation, and winning. Even if it’s a message you’re not entirely comfortable with, it’s one you need to know. It’s important to listen to different points of view even if you may not agree with the point of view. Each of these books, I believe will help draw out the leader in you. Be a servant leader and serve for the greater good of eternity and legacy. Just remember that when you lead you can be the target that gets hit first, so be true to the values you believe in.

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.

For this week, I’ve included SINK OR SWIM – Motivational Video | You don’t have to face yourself on Friday from Fight it or Accept it 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

June 7, 2017

Items in italics are direct quotes from the articles below

http://www.cnbc.com/2017/05/05/owner-of-americas-top-small-business-says-what-it-takes-to-succeed.html

The last week has been pretty incredible for the Maui Brewing Company. The U.S. Small Business Administration named co-founders Garrett Marrero and Melanie Oxley the National Small Business Persons of the Year. Online media brand Thillist named Maui Brewing Company the best craft brewery in the state. Two of its brews were recognized in the Los Angeles International Beer Competition and four of its brews got medals at the San Diego International Beer Festival. The recent accolades feel great, according to co-founder Garrett Marrero, 38. But what people don’t understand, he says, is how much work went into achieving that success. “I have had the comment, ‘Oh, it must be nice,’ sometimes. And I hear that, from someone and I am like, ‘You know what, yeah, it is nice. We have a nice home, it’s great to run a company like we do and to work with the people we do but the sacrifice that we put in? It meant no vacation, it meant being broke,” says Marrero. “If it was easy, everybody would be doing it. And it’s much easier to be on the other side of the fence pointing back at a successful business saying, ‘Oh yeah, that would have been so nice, I wish I would have done something like that.'” Morrero was working in San Francisco in finance when he decided to move to Hawaii in 2004 with his at the time girlfriend and now wife and business partner. In 2005, he started the company as a small brew-pub in 2005. A few years later, the company expanded into retail sales. By 2013, the Maui Brewing Company hit $10 million in sales. In 2016, it did between $12 and $16 million in revenue (Marrero declined to be more specific) and this year, it expects to do $20 million in sales. Currently, it has almost 400 employees. By the end of 2018 or early 2019, it plans to have opened additional restaurants and be employing 700 people. Maui Brewing Company’s success was buoyed by the rise in popularity of craft beer in the time since it opened, says Marrero. In 2005, there were 991 brew-pubs, 354 microbreweries, and 49 regional breweries, according to the Brewers Association, an industry organization. In 2016, there were 1,916 brew-pubs, 3,132 microbreweries and 49 regional breweries. The company isn’t successful just because of the owner’s commitment, its success is because of the commitment from every single employee. When the company sold off its old production space to two couples wanting to launch a start-up craft brewery, Marrero said “”I was very clear, I said, ‘This is going to be the hardest work you have ever done,'” he says.” ‘You are going to cry, you are going to bleed, you are certainly going to sweat here. Just be prepared, this is not going to be easy. You look at what we have today, that’s not the way it was five, six, seven, 10 years ago. If you are not ready to give it 110 percent every day, day in, day out, then running a business isn’t for you.'” In addition to putting commitment into your business, you also to have goals, and believe you will accomplish them. “If you don’t set out with the vision of being successful, you are going to fail,” says Marrero. “We were not willing to quit. The vision had to be focused like a laser in order to really get to where we are.”. Where there is no vision you will perish. Your vision and mission will drive you. If you wrap your vision and mission around the lens of eternity and legacy you will have a foundation that will give you the energy to keep moving forward even if it’s slowly.

http://www.investopedia.com/investing/marijuana-stocks/

Some people may envision the legalization of marijuana as an opportunity for someone like Philip Morris to start selling marijuana cigarettes. It’s much closer to the truth to say that marijuana is showing potential for medical uses, and companies that are developing medical applications for the plant stand to gain in the marketplace. The rush to get in on the marijuana craze has created hundreds of startups. The odds are that many of these will fail. The winners so far are established companies that are adding marijuana to their focus. Even the winners have seen drops in price lately. We have selected four marijuana stocks that have the potential to make significant gains. These stocks were chosen based on their array of marijuana-related products. These products are either in use or awaiting FDA approval. All figures are current as of June 12, 2017. The four stocks to watch are: ABBV, SMG, CRBP, and INSY. AbbVie Inc is a pharmaceutical company that currently has a cannabis based drug on the market. The FDA approved Marinol, which helps alleviate nausea or vomiting for chemotherapy patients. The drug also helps AIDS patients who have lost their desire to eat. This product is not the main product for the company. ABBV has reported increasing revenues in the past four years. In addition, its operating income has been increasing steadily. The company is benefiting from a host of useful drugs, including Marinol. This is a way to play the marijuana trend without incurring 100% exposure to the plant. Scotts Miracle-Gro Company which is known for its lawn and garden-care lines, the company is developing products for cannabis growers and also several pesticides for use on marijuana plants. The author recommends watching this stock rather than buying. Corbus Pharmaceuticals is a stock that has been volatile over the past few years. Resunab, which is designed to treat sclerosis, has had promising trials. The stock has tended to dip just before trial results are announced, then rally when the results are positive. Now Corbus is testing Resunab as a treatment for cystic fibrosis. The pessimism/optimism pattern will continue to play out as this drug is tested yet again. The company has negative operating income, and revenues are close to zero. Corbus is a company depending on the success of a single drug that could make or break it. In my opinion, this stock is a high-risk stock, and if you invest in this stock have a short-term strategy to invest for the capital gains. Insys Therapeutics, Inc. is in the process of developing a synthetic cannabis drug to treat childhood epilepsy. This company markets many non-canabis drugs. The company is also developing a spray technology to deliver the pharmaceutical based canaboids. Biotech stocks will normally exhibit volatility. It is best not to invest based on enthusiasm over marijuana, and keep a level head about actual results from drug trials. The pesticides angle is interesting, but such a product would have limited sales until marijuana is legalized nationwide. Know your asset class and focus your asset acquiring strategy to build your investment portfolio.

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.

For this week, I’ve included PROVE YOU CAN DO IT – Motivational video from MulliganBrothers 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

May 31, 2017

Items in italics are direct quotes from the articles below

http://www.investopedia.com/advisor-network/articles/5-factors-consider-picking-stocks

Although it must be clear that what happens to prices of stocks over short periods of time is largely a reflection of changes in investor psychology, there is more than enough information readily available to assist in the process of identifying issues that have a better-than-average chance of outperforming the market. Understanding the importance of this information is the difference between the astute investor and one who is awash in incomprehensible data. In my early training as an analyst at the prestigious Value Line organization, I was part of a group of dozens of researchers who assembled and published a comprehensive range of data on well over 1,000 of the most actively traded companies. Each single-page report contained numerous data points as well as concise commentary about the companies covered. Yet the reality was there were only a handful of key factors that told the tale of where things stood. Things have not changed in today’s world of information overload. However you go about this process, it’s essential to be aware that stock selection must lead to portfolio selection. By analogy, the task is that of picking a team with a dozen or more well-chosen players. It is most certainly not an effort aimed at coming up with only one or two superstars. The five factors are: price-earnings growth ratio, relative strength index, consistent earnings growth, coefficient variance, and free cash flow (FCF). The PEG is calculated by dividing the price-earnings ratio (P/E) by the prospective rate of growth. So if the P/E is 20 and the growth rate is 10%, the PEG would be 2.0. Although there’s no strict rule of thumb, the typical range for a PEG would be between 1.0 and 2.0, so in this example, the PEG would be considered to be stretched. (For more from this author, see: Understanding Stock Valuations: Price-Earnings Ratio.) This ratio will measure a company that is growing rapidly and help you see if it’s an actual good investment. The Relative Strength Index is a measure of the stock’s price against the market. It’s used as a check of a company’s performance relative to the market. There’s nothing like consistency of earnings growth to help expand stock valuations. If over time earnings have grown steadily and without interruption, there will be good reason for investors to be confident that more of the same lies ahead. Always check at least the latest three years. (For related reading, see: Steady Growth Stocks Win the Race.). The Coefficient Variance is a measure of the consistency of analyst’s estimates of earnings. FCF is the cash that’s left over after taxes, capital expenditures and debt repayments. When there’s free cash flow, there’s capital available for further company expansion. Another measure banks will use when looking at a company’s financials is cash available to service debt. This number reflects cash available after adding back interest, depreciation, interest, and any acceptable add backs. When you are looking to invest in a company, think about being a bank. You are lending money to a company expecting your investment to be paid back at a rate of return. The opposite is also true, if you ever lend then you should look at it as an investment. Don’t lend or invest on income you need to live off of, only lend or invest on disposable income, and be willing to lose it all.

http://www.businessinsider.com/the-life-of-in-n-out-heiress-lynsi-snyder-2017-5

Everything we know about In-N-Out’s reclusive 35-year-old president who just became one of the youngest billionaires in America. Thirty-five-year-old Lynsi Snyder became one of the youngest billionaires in the US this week, after inheriting full control of the burger chain In-N-Out. Snyder inherited 50% of In-N-Out’s shares when she turned 30, and on Friday — her 35th birthday — she acquired most of the chain’s remaining shares. The inheritance makes her one of the youngest female billionaires in the country. The famously reclusive heiress has been married four times and suffered through a spate of family tragedies, including the death of her father when she was just 17 years old. Snyder has only spoken to the media a handful of times over the past decade. Here’s what we know about her life. This selection will contain mostly quotes due to the nature of this article.

Snyder’s grandparents, Harry and Esther Snyder, opened the first In-N-Out restaurant in 1948. Snyder became president of In-N-Out in 2010 and in 2012, she inherited 50% of the company’s shares. Since taking the position as president, Snyder has expanded In-N-Out to six states from four. She has changed almost nothing else about the brand, which prides itself on a simple menu of burgers and fries. When asked about her future plans for In-N-Out, Snyder told CBS she would “never” take the company public or franchise its restaurants. “The only reason we would do that is for the money, and I wouldn’t do it,” Snyder said in the interview. In fact, she doesn’t plan to change much about the burger chain. “My heart is totally connected to this company because of my family, and the fact that they are not here — I have a strong tie to keep this the way they would want it,” she said.

I encourage you to read this article, because it isn’t long, has pictures, and gives a fascinating insight into this private heiress. You can have success and live a private life. Be who you are in public and private. Your words and your actions behind your words carry more weight than any bank account ever will.

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.

For this week, I’ve included BREAK THE BAD HABITS – Motivational Video 2017 from 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