September 30, 2017

Items in italics are direct quotes from the articles below

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.

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



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