October 21, 2017

Items in italics are direct quotes from the articles below

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

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

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

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

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

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

Proverbs 28:26 MSG

Advertisements

October 14, 2017

Items in italics are direct quotes from the articles below

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

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

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

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

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

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

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

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

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

Proverbs 28:26 MSG

October 7, 2017

Items in italics are direct quotes from the articles below

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

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

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

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

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

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

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

 

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

Proverbs 28:26 MSG

September 30, 2017

Items in italics are direct quotes from the articles below

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

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

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

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

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

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

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

Proverbs 28:26 MSG

 

September 23, 2017

Items in italics are direct quotes from the articles below

http://www.marketwatch.com/story/the-youtube-channels-for-investors-to-watch-now-2017-09-20

Investors today have more information at their fingertips than ever before. Real-time stock apps, trader blogs, 24-7 streaming business news, fintweets, Reddit communities — there are countless ways to get your due diligence on. It’s high time we add YouTube to that list — the Alphabet-owned GOOG, -0.42% GOOGL, -0.45%  video streaming platform has a deep bench of traders, experts and would-be Warren Buffetts (or perhaps would-be Jim Cramers) proffering advice. For every season of investing, there is a YouTube channel. Youngsters looking to understand the basics can find intro courses. Those who’ve caught the trading bug and want to turn pro will find countless gurus to guide the way (though many will be looking to turn free viewership into a paid subscription). For the chartists, there is plenty of chart porn, and for veterans, channels that delve into the nitty-gritty, from how to trade off specific news events to the optimal number of screens you need, to when to hold a trade over a weekend. As with most things on the internet, it can be difficult to wade through the millions of offerings to identify which ones are truly worth your time. This article is filled with numerous channels and I suggest reading the pros and cons of each channel. Here are the channels recommended by the author: L2inc, Khan Academy, Bulls on Wall Street, Fous4Trading, PrestonPysh, Sasha Evdakov, Timothy Sykes, Warrior Trading, Market Gauge, Forex News by DailyFx, Martin Shkreli, SMB Capital, Meir Barak, shadowtrader01, Tasty trade with Tom Sosnoff and team, Anne Marie Baiynd, Financial Education Channel, Peter Schiff, and Brian Shannon. What I like about this article is that the author recommends the most frequently watched episode, provides a summary of the channel, shows how many subscribers the channel has, the frequency of posts, and the type of investor the channel is for. No matter what asset class you’re passionate about, take the time to learn more about it. Never stop learning. Living in the Information Age, you have access to too much information. It takes wisdom and experience to discern the information that will be useful to you. I also recommend finding a mentor and like-minded individuals who are committed to the same vision as you. Two is far better than one.

http://www.businessinsider.com/entrepreneurship-doesnt-have-to-be-all-or-nothing-2017-9

If you ask many entrepreneurs, striking out on your own is all-consuming. It’s living on ramen. It’s having six roommates in two bedrooms. It’s getting down to your last $10 before catching a break. But that’s not exactly necessary, says Patrick McGinnis. On an episode of Farnoosh Torabi’s podcast “So Money,” McGinnis, a venture capitalist and investor, says this vision of entrepreneurship excludes a lot of people — and it’s not necessary. The idea that “unless you are living on the side of the road on the box, eating ramen for every meal and suffering, you’re not an entrepreneur,” he told Torabi, is a “very dated way of thinking about entrepreneurship.” McGinnis explains that you don’t have to quit your day job to be an entrepreneur. He invests 10% of his time and resources into a new venture while still holding his full-time job. McGinnis himself still holds a day job. “I have invested in over 20 different ventures over the last six years,” he told Torabi. “I have a day job, I’m not looking to leave that day job, but I’ve used entrepreneurial activities investing, advising in startups in order to create a diversified portfolio of ownership positions and exciting companies that teach me new things to get me upside.” Before you invest yourself fully into your business full time, ask yourself these questions. Can you afford the benefits that your employer would normally provide? What will you do to take care of your retirement? I highly encourage anyone to invest in passive income generating assets, however I would never encourage anyone to quit their job to start a business that they hadn’t at least been operating on their spare or part time. Personally, my wife operates a spare time business while she works full-time. I remember telling my mother-in-law about her business and she assumed that we were going full time in this venture to which I immediately clarified and said absolutely not. If over time the income generated is greater than the profession then possibly. But currently my wife loves her job, so why take away something she loves and is being paid for, when there isn’t a guarantee that she can thrive. Life is about thriving and not just surviving. In the end know your numbers, and be a 10% investor.

I’ve added two new pages involving self-improvement and technical analysis. Feel free to visit them.

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 The Economic Machine Works by Ray Dalio from the Bridgewater 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

http://www.businessinsider.com/concept-flow-help-get-in-zone-work-brad-stulberg-2017-9

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.

https://www.bloomberg.com/amp/news/articles/2017-08-15/the-mysterious-case-of-the-missing-internet-billionaire

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

https://www.inc.com/peter-kozodoy/the-1-mental-exercise-you-must-do-to-achieve-your-.html

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.

 

http://www.businessinsider.com/how-stop-feeling-exhausted-work-every-day-2017-8

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