August 5, 2017

Items in italics are direct quotes from the articles below

https://www.inc.com/business-insider/mind-blowing-podcasts-learn-something-new-30-minutes-or-less.html

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.

http://www.businessinsider.com/financial-independence-simple-2017-7

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

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May 24, 2017

Items in italics are direct quotes from the articles below

http://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp

Dark pools are an ominous-sounding term for private exchanges or forums for trading securities; unlike stock exchanges, dark pools are not accessible by the investing public. Also known as “dark pools of liquidity,” they are so named for their complete lack of transparency. Dark pools came about primarily to facilitate block trading by institutional investors, who did not wish to impact the markets with their large orders and consequently obtain adverse prices for their trades. While dark pools have been cast in a very unfavorable light in Michael Lewis’ bestseller “Flash Boys: A Wall Street Revolt,” the reality is that they do serve a purpose. However, their lack of transparency makes them vulnerable to potential conflicts of interest by their owners and predatory trading practices by some high-frequency traders. (See also “How IEX is Combating Predatory Types of High-Frequency Trades.”) Dark pools have been around since the 1980s. Since you may not have heard of dark pools before, I’m going to use a lot of quotes from this article. Consider the options available to a large institutional investor who wanted to sell 1 million shares of XYZ stock before the advent of non-exchange trading. This investor could either (a) work the order through a floor trader over the course of a day or two and hope for a decent VWAP (volume weighted average price); (b) split the order up into say five pieces and sell 200,000 shares per day, or (c) sell small amounts until a large buyer could be found who was willing to take up the full amount of the remaining shares. The market impact of a 1-million sale of XYZ shares could still be sizeable, regardless of whether the investor chose (a), (b), or (c), since it was not possible to keep the identity or intention of the investor secret in a stock exchange transaction. With options (b) and (c), the risk of a decline in the period while the investor was waiting to sell the remaining shares was also significant. Dark pools were one solution to these issues. There are more than 40 dark pools registered with the SEC, made up of three types: broker-dealer owned, agency broker or exchange-owned, and electronic market makers. There are pros and cons of dark pools. The advantages are reduced market impact, and lower transaction costs. The disadvantages are exchange prices may not reflect the real market, pool participants may not get the best price, vulnerability to predatory trading by HFTs, and small average trade sizes reduces need for dark pools. The recent HFT controversy has drawn significant regulatory attention to dark pools. Regulators have generally viewed dark pools with suspicion because of their lack of transparency, and the controversy may lead to renewed efforts to curb their appeal. One measure which may help exchanges reclaim market share from dark pools and other off-exchange venues could be a pilot proposal from the Securities and Exchange Commission (SEC) to introduce a “trade-at” rule. The rule would require brokerages to send client trades to exchanges rather than dark pools unless they can execute the trades at a meaningfully better price than that available in the public market. If implemented, this rule could present a serious challenge to the long-term viability of dark pools. Dark pools provide pricing and cost advantages to buy-side institutions such as mutual funds and pension funds, and these benefits ultimately accrue to the retail investors who own these funds. However, dark pools’ lack of transparency makes them susceptible to conflicts of interest by their owners and predatory trading practices by HFT firms. The recent HFT controversy has drawn increasing regulatory attention to dark pools, and implementation of the proposed “trade-at” rule could pose a threat to their long-term viability.

http://www.businessinsider.com/mind-expanding-ted-talks-under-10-minutes-2017-5

Big ideas can come in small packages. Take TED Talks, the beloved lectures on technology, entertainment, and design. Some of the most insightful talks take up less than 10 minutes of the viewer’s time. They’re perfect for when you want to expand your horizons and still get to that thing you’ve been meaning to do. Here are some talks to turn to if you want to get smarter in a hurry. “How to speak so that people want to listen” by Julian Treasure. Julian gives six tools to consider when speaking, including pitch, and other factors. Anyone can use the power of words
if he does it intentionally. “Get ready for hybrid thinking” by Ray Kurzweil. Ray Kurzweil, a futurist and inventor, argues that in two decades, human thought will be a mixture of biological and nonbiological processes. According to Kurzweil, the brain would operate the same as it does today, but if you needed some extra juice you’d be able to connect to the cloud for external neural connections — all thanks to nanobots that would live in your brain and connect to that cloud. The remaining suggested TED Talks are: “I listen to color” by Neil Harbisson, “5 dangerous things you should let your kids do” by Gever Tulley, “The next outbreak? We’re not ready” by Bill Gates, “The hidden power of smiling” by Ron Gutman, “Grit: The power of passion and perseverance” by Angela Duckworth, “Let’s try emotional correctness” by Sally Kohn, “Forget multitasking, try monotasking” by Paolo Cardini. Each suggested video is only ten minutes long, but it provides a wealth of information. I suggest that each day you should try to watch or read something new to constantly challenge your mind. Your mind is a muscle too, and it needs to be exercised.

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 Warren Buffett – How to Stay Out of Debt Forever from Truly Rich Noypi 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