Build a New Life
9) Feel good about your life and yourself all the time. 10) Learn how to improve your relationships with everyone in your life - your family, your Psycho-Cybernetics will not produce these changes overnight. It takes time to learn the new ways of thinking and acting so that they become automatic in your life, but you'll begin to experience positive results almost immediately.
For most of your life, you will be earning and spending money. Rarely, though, will your current money income exactly balance with your consumption desires. Sometimes, you may have more money than you want to spend at other times, you may want to purchase more than you can afford. These imbalances will lead you either to borrow or to save to maximize the long-run benefits from your income.
Most guys had this happen in high school. You ask a pretty girl to go to a dance and she accepts. Now you are in trouble You fear you will make a fool of yourself dancing and not only will she never speak to you again, but she will tell all the other girls in the school that you are a klutz. You practice with your little sister and your cousin before the date. When you get to the dance, you are determined to make the dancing work. You try hard to be a better dancer than you really are (you are content-oriented). But because you try so hard, you end up stepping all over your partner's feet. Your life is ruined you were never meant to be anything but an other-handed klutz. If you could have only relaxed and become a bit more process-oriented, you could have pulled your partner close to you, she could have felt your movements, and you both would have appeared to be dancing with some skill. The key to dancing well and profiting in the market is an ability to relax and simply go with the...
Better yet, options are an excellent investment tool that gives you much more flexibility, reduces your risks and increases your income in the investment markets. Once properly learning to use options, you will use this tool in your investment portfolio for the rest of your life.
People think that life is a linear progression, which you go from A to B to C and so on. In fact, it's a total illusion, because anyone who thinks carefully about his her own life knows that the pattern of his past is absolutely accidental and serendipitous. The key challenge in life is not to know where you are going, but prepare your character so when those wonderful moments of serendipity occur, you can listen to your heart and know what it is you need to do. Trading the forex is just another serendipitous moment in the course of your life. You will either embrace the opportunity or let it go. By the time you have finished reading this e-book, we believe you will not let this opportunity pass you by.
On the other hand, you may have a specific question or two that you want to focus on today, but you'll want some other information tomorrow. No problem there, either. Mutual Funds For Dummies, 2nd Edition, is lighter on its feet and on your brain than most reference books. Use the table of contents or index to speed your way to what you need to know and get on with your life.
They're all winning. In fact, as you walk around the green wing, you hardly can find a losing player. You know, of course, that the average house take on table games is 5 , but as you count winning and losing hands, you realize these players are getting a better break. They seem to be gaining at a rate of 60 to 40 . You start fresh and take another count. The results are the same. Somewhat amazed, you thank him and shake your head. There's no time to lose, you decide, but you'll need more than the few dollars you have in your pocket. You hatch a plan to gather your life savings, come back to the casino, and win the bundle you've been dreaming of.
Creating the wealth that allows you to follow your real passion is what's waiting for you whether you're an investor, real estate agent, or lender. Commercial real estate will accelerate your financial freedom, and in the process our hope is that you'll find the true meaning of the why in your life. That alone makes this book worth diving into.
Remember, the plan you're about to follow is based on a 5-hour to 10-hour work week (that is, if you're working 5 days a week, 2 hours a day at real estate, that's 10 hours a week). The question is this Do you have 10 hours a week to devote to building a new business Almost everybody does. If your life is already full with a family and job, you might have to take it a bit slower and devote just five hours a week. Achieving success will take you a bit longer, but you can still succeed in real estate using this approach.
Of course, all of these alternatives come with their own associated risks and rewards. Nothing is easy in life. If you want to just have your money guaranteed for the rest of your life, leave it in a savings account with your bank as long as it's in some bank that you feel is never going to go under.
This book is basically for traders who can't win for losing and for winning traders who want to improve their efficiency at winning. It is not for those individuals who have no interest in working through their power trips in relation to themselves, other people, and the market. If you are not willing to allow sweeping changes to occur in your life as a result of this material, you should not attempt the techniques described herein. Every trader is responsible for his or her own behavior. Part of maturation is the ability to draw the honesty cards about oneself to the forefront of awareness, in order to decide on a course of action. The consequences of immature judgment or of toying with trading can include psychosis, aggravation of neuroses, acceleration of disease processes, and suicide. On the other side, an awakening into certain states of consciousness can bestow gifts of such value that they are beyond price and I do not mean only monetary profits. The markets themselves are the...
Okay, now that you know what your life's work will be, it is time to distinguish yourself from your peers with a well-crafted one-page synopsis of your academic, extracurricular, and professional experience. Remember that banking is about selling, and your resume is like a salesperson's talk sheet highlight your strengths and abilities while conveying an obvious predisposition for one of the job areas discussed above. Since the competition officially begins once you drop your resume off at the career center or send it to the firm's headquarters, and since the top banks receive up to 8,000 resumes per season, this is
As you get started actually doing the activities of real estate and applying this 40-Day Plan, I suggest you share your desires and motivations with people. Be prepared for all kinds of responses, because you will get them. Probably, you have people in your life who support what you do, and others who ridicule you no matter what some have a sense of humor and will make fun of your ambitions while still others will ignore them, thinking they're just more of your dreams.
It is almost epidemic how many people think they don't need to be an investor. Usually that happens because they believe consciously or unconsciously that the path to financial wealth is through one's job. If you're like me and believe that financial wealth is about having enough unearned income to finance your life mission without the need to work, chances are your current job income and savings plan will not be nearly enough to build true financial wealth. It is highly unlikely that your job creates enough income for you to set aside a manageable percentage of it and, at an average rate of interest, still achieve true financial wealth.
Our own personal ocean of logic started approximately 2,500 years ago, when a philosophical war was going on between two opposite camps represented on one side by Aristotle and on the other by Heraclitus. Aristotle basically seduced the world by saying that if you don't know something, you should go to people who know more than you do, and ask them. That advice sounds quite reasonable, and it has been accepted by much of the earth's population for two and a half millennia. Acceptance does not necessarily make it true. Remember that the civilized world functioned adequately for hundreds of years while believing that the world was flat. Businesses and mapmakers flourished. But then Galileo and a handful of others looked through a telescope and saw round planets in orbits in the heavens. They knew that the flat-earth paradigm was wrong, but it took close to 200 years and much suffering on their part before the reality of a round earth was accepted. The Aristotelian Heraclitian dispute...
Rich dad said, The more a person seeks security the more scarcity they will have in their life. Security and scarcity go hand in hand. That is why people who seek job security or guarantees are often the people with less abundance in their life. One of the reasons the 90 10 rule of money holds true is because most people spend their lives seeking more security instead of seeking more financial skills. The more financial skills you have the more abundance you will have in your life.
That location is important only if the local zoning ordinances, rules, regulations, and all governing authorities allow you to do what you want with that property. The best site in the world for a fast-food restaurant, for example, will not be worth you investing your life's savings so that you can own a Burger King if the zoning says no to that request. Both the site and the zoning rules are strictly local.
If you, as a young lawyer, began at a stage in your life where you wanted to buy office buildings and have waterfront homes in Boca Raton, Florida, you would develop as your comfort zone the specific areas that contain exactly the kind of property that you want to buy. This means that you would geographically locate a zone or territory that consists of office buildings and waterfront homes in Boca Raton.
Once you have made the decision that your particular interpretation of an experience is correct, you have given birth to an opinion. From that point on, you tend to channel any new incoming information (chaos)4nto that assumed format You massage or distort the incoming information in amazingly creative ways so as not to see the actual facts themselves. Most of the decisions you make today about the markets are actually outgrowths of decisions you made about life as a child. They tend to be permanent throughout your life unless you change them.
Everything in your life results from thought. Everything in your life is an idea. The house you live in resulted from someone's thought. The car you drive started as an idea. Someone thought about a car, drew it, built it, and made it a reality. Your real estate business is something you're thinking about you're wise to be thinking about your success in it.
Books for professional advisers are intended to make life easier by answering questions or addressing difficult issues. This chapter may make your life harder by raising questions on asset allocation that you haven't considered and challenging the approach you take to it. But the answers that result are likely to make you a better financial planner.
What is the best investment you can make Simple Learning investment techniques that make you independent of having to rely on any other investment consultation. You can easily learn and quickly master common sense analysis that will dramatically improve your returns for the rest of your life. You will feel confident in every trade you put on. No more hoping that a trade will move in your direction. The unique built-in forces encompassed in the candlestick signals and the strength of a move revealed by the existence of a gap produce powerful trade factors. You can rest easy Obtaining the knowledge that this combination of signals reveals will produce consistent and strong profits.
If you are facing similar dilemmas let me try to make an analogy. If you were attacked in a dark alley and you felt that your life was in real danger what kind of defence technique would you attempt to use. Would you attempt to kick your assailant with some fancy kung fu move that you saw in a movie Or would you use some basic but brutally effective knee to the groin , thumb to the eye technique that is easy to implement and that you are 100 certain will have an effect When you have your hard earned money riding on your trades maybe your life is not at stake but your and your family's livelihood is. The goal of all the other traders in the market is to take your money. And if you are going to play around with some fancy tools and indicators that you don't even understand you can be assured that your hard earned money will be paying someone's BMW lease payments.
Please, whatever you do, do not be swayed from your dreams by the naysayers who tell you that what you are proposing cannot be done. If I had listened to all of the naysayers throughout my life, I would probably be living in a cardboard box under an overpass in Bugtussle, New Hampshire. But luckily for me, I was too dumb at the time to know that my ideas would not work. As far as I am concerned, one of the very worst things that any person can do is to make financial and business decisions based solely on the advice of ignorant people who have never accomplished anything worthwhile in their entire adult lives Yet, that is exactly what happens thousands of times a day all across America. Bright, ambitious people full of pep and vinegar listen to overly skeptical cynics, who repeatedly tell them that it cannot be done, and then they, too, believe that it cannot be done and end up doing nothing. So please do yourself a huge favor and stop listening to the world-class skeptics in your...
You will not be able to attract the right people in your life unless you become a promise keeper. 3. Are you a rule maker or a rule breaker Freedom is something of a paradox because in order to be free, you must abide by a plethora of rules. Just look at all the rules when driving your car. But the more you obey the rules, the safer you are when driving. Breaking the rules, however, will endanger your life and may cost you your freedom.
Let's say you find a company, commodity, option, etc., that doubles your investment in a short time. If you are the typical investor, you will do one of two things. You will sell your entire position and brag about the profits at the country club. Or you will put most of your life savings in it.
Unprepared investors to miss their mortgage payments and suffer foreclosure, or perhaps force them into a quick sale at a loss (to an opportunistic investor such as you ). To benefit over the long run, you must successfully navigate through the storms you'll encounter along the way. When high seas are trying to drown you, your cash reserves will prove to be your life jacket.
The relationships you create with other investors, with commercial brokers, with property owners, and everyone else in your life will be the lifeblood of your commercial real estate investing business. It will also be the difference between living a life that focuses only on material wealth compared with the wealth of living a life that also embraces your ability to create lasting connections with other people.
There is no computer that you can negotiate with. It is simply a tool that will make your life a breeze (most of the time). But, to negotiate anything, you need to be face to face with a person who can make decisions, or at least work between you and the decision maker to fine-tune details of the loan. And yes, as this paragraph suggests, loans and their repayment terms are fully negotiable.
It's important to examine your assets and investment policy periodically to determine the best way to invest to meet your life's goals putting children through college, taking vacation trips to foreign countries, earning a pilot's license, learning how to hang glide, or owning a home in Key West for the winter and a ranch on the Madison River
Another reason to review your current investments before you buy into new mutual funds is that some house cleaning may be in order. You may discover investments that don't fit with your objectives or tax situation. Perhaps you'll decide to clear out some of the individual securities that you know you can't adequately follow and that clutter your life.
If you can let go of the past, your dependence on others, and your need for maintaining a certain public identity, and can live in the world in terms of focused attention on the tasks in front ofyou without expectations, the world will become a place where all kinds of things can happen, where your life can become exciting and full of joy. As you grasp the idea of concentration, you participate in your trades as exciting and interesting experiences. You live your life as the adventure it is, not in a what if or if only mode. Thanks to concentrated action, you don't control your life but rather allow it to unfold, knowing that it was designed to work you need only set your life on a course of your own choosing and then focus attention on making small shifts and adjustments in the tasks before you so as to keep your life on course.
& NG Robert is aware of many triple net properties that probably seemed like great deals at the time buyers purchased them with a national credit tenant (an expanding company that has a very solid financial balance sheet) on a long-term lease. What could go wrong A lot. With leases as long as 50 years and set rents that are modestly adjusted over time, you run a serious inflation risk unless the rents can adjust to fair market rent at least every 5 to 10 years. The more specialized the use of the building by the tenant, the more challenging your life can be if the tenant vacates, so consider whether the tenant improvements are suitable or can be modified at a reasonable cost to suit the needs of a replacement tenant.
The how much is enough question can be answered in an infinite number of ways relative to your beliefs on the value of money, what you need it for, how important it is, can you really risk it, how secure do you feel, and what is enough today may not be enough tomorrow because of other factors in your life all relative questions that have no definitive answers and change with the changing environmental conditions. Having to confront these personal issues as a trader will only contaminate your observations of market movement because they have nothing to do with market direction and the potential or lack of potential of any particular market move. This is why successful traders have always stated emphatically, Only trade with money you can afford to lose, meaning money that has little or no value in your life. The less meaning the money has, the less potential there is for your personal how much is enough issues to contaminate your perception of market movement.
By surveying all five dimensions of the market, the trader becomes very sensitive to important initial conditions before the market moves. When we are subject to the first three attractors, we are manipulated and we become predictable. Only in the range of the Strange Attractor can we really be free. The Strange Attractor allows us to participate in the ebb and flow of the market and of life. We can add our own butterfly wing to the weather of the market. We can base our trading, as well as our life, on Strange Attactors. As Don Juan explained to Castenada, we then live in the crack between the worlds. When we enter the flow (in athletics, the zone ) we are in tune with the Strange Attractor. We then see the hidden order. Time stops, and we have a flowing peak experience where all seems to go right by itself. Effort becomes effortless, and we know without knowing how we know. We reach Levels 4 and 5 of expert trading. Mandelbrot gave us an accurate map for navigating this crack...
It's a legal fact that you do not have to pay your income tax. Just join our band of hotshot attorneys who will be suing the IRS sometime soon, and stop paying your income tax now. For an initial fee of 250 you, too, will be immune from paying taxes for the rest of your life.
Last but certainly not least Your credit report should contain your credit score. (If it doesn't, contact the credit-reporting agency and request your score.) Credit-reporting agencies often assign you a credit score that ranges roughly between 300 (you never paid a bill in your life) and 900 (you've had a credit card for a long time, borrow small amounts often, always pay your bills on time, and don't carry any huge balances). Each credit reporting agency may use a different scoring method and range of scores, so you can expect some variation.
This is easier to do if you are trading with a stash of money you have set aside specifically for this purpose. However, if you are trading with your life savings, bill money or your retirement money, the outcome of losing it would be much worse than losing money you don't need to live on. This greatly increases your emotional stresses, thereby, greatly increasing your chances of making the wrong decisions and losing it anyway.
Annuities act in opposition to life insurance. While life insurance protects you financially against an early or unexpected death, annuities protect you from the financial risk of living too long and outliving your money. There are different types of annuities including immediate, deferred, fixed, and variable. Annuities are a special form of investment that is a contract between, the investor, and the issuing insurance company, that states that the insurance company will pay you a series of payments for either a specific period of time or for the rest of your life.
At some point in your life, you've surely had the experience of wanting to do something and then realizing that you don't have sufficient money to accomplish your goal. Perhaps it was as simple as lacking the pocket change to buy a chocolate bar as a child. Or maybe it happened on a vacation when you ran low on funds and tried to do business with a merchant who only took Visa when you only carried American Express. No matter the world of real estate investing is no different. You can't play if you can't pay.
The first question to be answered is not how should you trade futures The first question to be answered is should you trade futures in the first place One of the keys to success in futures trading is being able to risk some amount of money which, if lost, will not adversely affect your lifestyle. In order to assess your level of readiness in this regard, you should take the following test which will tell you if you are truly prepared emotionally and financially to trade futures. Step 5. Get on with your life. If anyone asks you what is the easiest way to make a million dollars trading futures, the answer is start with two million. All kidding aside this is unquestionably a true statement. The more capital you can afford to lose without adversely affecting your lifestyle, the greater the likelihood that you will be successful. More initial capital affords you greater flexibility and more cushion when the inevitable bad periods occur. This is so simply because having more capital that...
How do you overcome such inhibitions By bringing into play the third stage of commitment, which is to increase the complexity of the task and the size of the challenge that you make. This forces you to bring more of yourself into your work, to pursue your own trading vision consciously and actively. The positive value of raising the stakes will be reflected not only in optimizing your trading results but in transforming the rest of your life.
However, and sometimes present investors with outstanding buying opportunities. When the business cycle shows evidence of turning up, many cyclical stocks also pick up strength. Many low-priced stocks have low prices only temporarily, and are capable of regaining much higher price levels when the business climate improves. The important feature to look for is strength. Determine if the company has the resources to rebound and to bring its stock back to its former high esteem. Quite often earnings are only temporarily depressed and will improve. Other factors, such as announced expansions or new products, will sometimes give new life to a depressed low-priced security.
Whether you know it or not, you have been trading commodities all your life. Sure, you may have never traded a contract of Pork Bellies, but you have almost certainly traded a possession like a car, house, or antique for someone else's money or possession. If you have never done that, for sure you have traded time for money. You have traded your time as a teacher, lawyer, pipe fitter, or ditchdigger for someone else's money. So, you are halfway there. you just never knew it If these words have resonance for you, cinch up your seat belt, you are going on the ride of your life.
Rich dad would scrunch up his face and say, Both men and women marry for money, but can you imagine spending your life with someone you don't love That is a very high price. Unfortunately, winning the lottery is how many Americans say they plan on becoming rich. Living your life with odds of one in a hundred million is a very high price to pay.
Find your weakness before the market does. If the market discovers you cannot control your greed, it will wipe you out. If it learns you cannot control your temper, it will aggravate you until you are out of control. If it sees any weakness in you, it will exploit it. Before I go too far, please understand that I do not think the market is a conscious being of any sort. But all the individuals who pour their emotions into it are out only for themselves. Therefore when you trade, you respond to the emotions of others, and this brings out the best or the worst in you. Facing the market is not any different from facing any other challenge that can have a profound impact on your life you either rise to the challenge or succumb.
Experienced loan reps and underwriters have examined thousands of loan apps. Their eyebrows rise easily. If your life story evokes an air of mystery, don't leave the loan rep in the dark. Provide firm evidence that you're traveling the straight and narrow. Even innocent lapses or discrepancies in your application can spell trouble if not satisfactorily explained.
Avoid the company of negative people, don't view negative movies, and avoid negative surroundings. Read positive books and quotes, think positive, and speak positive. Thoughts should inspire you to improve and get better in all areas of your life that you want to improve. Try to be specific about your goals and the steps you will undertake to reach them. Reinforce the positive with your ability to focus by remembering great moments where you had a successful outcome, happy moments, and beautiful places. Surround yourself with harmony, order, and beauty.
The average person reports more well-being than distress. If your ratio is 2 1 or greater, your balance is favorable. As the ratio approaches 1 1, it's saying that you're experiencing as much negative emotion as positive. That raises the odds that distress will interfere with life activities, including trading. A ratio where distress is greater than well-being suggests that something in your life is out of whack. It may be a temporary factor, such as a loss in a relationship, or it may be an ongoing state of affairs. If ongoing, some efforts at change might be in order. Ideally, you would take this snapshot at intervals throughout the year, tracking your scores over time. This would give you a sense of whether ups and downs in your emotional states are situational or continuous. A series of scores would also tell you how your life is going overall, if your investments in life's activities are generating acceptable emotional returns. You wouldn't settle for 1 savings account returns on...
The rumors are often associated with market scams that exploit people's normal psychological reactions. Many of these reactions are chronicled in Edwin Lefevre's 1923 classic novel, Reminiscences of a Stock Operator, but the standard pump and dump is an illegal practice that has gained new life on the Internet. Small groups of individuals buy a stock and tout it in a misleading hyperbolic way (that is, pump it). Then when its price rises in response to this concerted campaign, they sell it at a profit (dump it). The practice works best in bull markets when people are most susceptible to greed. It is also most effective when used on thinly traded stocks where a few buyers can have a pronounced effect.
The second part is your mood when repeating the affirmation. If you don't believe it, feel doubts, or even have a cynical reaction to it, your feelings about the affirmation will be negative, thus increasing the negative patterns about the whole subject in your mind. For example, you could affirm, I am a successful trader. However, it might not yet be completely true, so you can't relate to the statement, and it even could trigger a contrary reaction. In this case, you could add, I am becoming a successful trader, and I am in the process of making lots of money with my trading. This would bring the reality much closer and still be positive and dynamic. The more you add positive emotions to your affirmations, the sooner they will come to fruition in your life.
Then, know that it is perfectly right to want abundance, happiness, and prosperity in your life. Sometimes it can be difficult to define a precise goal because all the traditional and religious education and beliefs tend to diminish your self-worth and your sense of deserving. You deserve to be happy and prosperous and collect the fruits of your hard and dedicated work. How, then, can you define what is that you really want You could start by making a list of all the things you don't want. What would you change What do you want to get rid of Try making your list as complete as possible. You then can start creating the positive affirmations item by item that will help you to change progressively all the things or situations you definitely don't want to be a part of your life or your trading.
Virtually every aspect of your life is touched by oil. Most of us only equate oil with the gasoline we pump into our cars. We pull up to the pump, see that gas prices have risen yet again, and curse under our breath wondering why the government, the oil companies, or the car companies can't do something to give our pocketbooks a break. This reaction is natural because it is what we hear all the time. The talking heads on the news programs tell us to equate rising gas prices with rising oil prices because that is all they equate it with. Sure, gas prices experience dramatic moves as oil prices move, but most of us have never sat back to look at what other prices are affected by changes in oil prices. If we had, we would realize that virtually every aspect of our lives is touched by oil. See We told you that every aspect of your life is touched by oil. And if oil is this pervasive in your life, it is bound to affect your portfolio as well. Fortunately for you, it doesn't matter if oil...
Why the title One More Zero Because, everybody can use one more zero in their lives. If you are making 25,000 a year, you'd be happier with 250,000. If you're at the 100,000 level, another zero would bring you to the one million dollar mark. And so on, and so on. You get the point. We are absolutely convinced that this e-book will bring you closer to adding one more zero to your life. Please don't take this e-book lightly as it is one of a kind. We have considerable experience with currencies, and have yet to find any decent material on the subject of trading the forex. This e-book could turn your life around if you will just let it.
You built your current self-image from the vivid and detailed mental pictures and feelings you've experienced in connection with the events of your life, especially in childhood. And you'll use the same powerful tool, your creative imagination, to construct the kind of self-image that expresses the best of you. You will use your imagination to create images and feelings of success, satisfaction, accomplishment and strength, and with these new positive images you will re-program your servo-mechanism so that it begins to produce results in accordance with your new self-image. You'll learn to use your imagination in a relaxed, playful way, never straining, never trying too hard. You will feel yourself beginning to think, to feel, and to act in accordance with your new successful image of yourself. Eventually, this new self-image will become second nature, completely natural and spontaneous, and it will bring you success, satisfaction, enhanced relationships and happiness quite...
As a trend gets close to completion, it is the most ferocious, and it battles for every last breath. This occurs because as trends mature, they usually attract more attention and more volume. When a hot stock or sector's popularity is the greatest, many buyers already own the stock. When optimistic bulls or pessimistic bears push a trend to its very limits, heavy volume is often associated with the last desperate assault. This is called volume capitulation, which is a surrendering of the force moving it because they used up all of their buying or selling power. The reason the trend capitulated is that the supply-demand equilibrium shifted. If you are fighting for your life, you get a burst of adrenaline that allows you to push your strength to its limit. When the adrenaline wears off, you are weaker than ever. Volume capitulation is the market equivalent of adrenaline capitulation.
We often tell our traders, You have tried in every way to consciously solve your problems with no real effect You have tried this and you have tried that and have failed utterly. Now it is time to close your eyes and gei in touch with another part of your mind. The part that keeps you balanced in your chair, that pumps your heart and a thousand other things this part of your mind does for you every day of your life including dancing. Your conscious mind should decide where you want to go but without the unconscious mind's cooperation, you will not get there.
The money you have allocated for your trading activity the better are the chances you will not fear losing it. You must only trade with money that if you lose, will bear absolutely no negative consequence on your financial situation. In other words, losing this money will have no impact whatsoever on your life and those surrounding you. This is essential. Don't ever risk what you can't afford to lose. If you do, you will let fear come into the equation and you will eventually make the wrong decisions leading to financial problems. We will see how a trader can manage correctly his money later on in the money management section of the course.
Begin by thinking about a time in the market or elsewhere in your life when you disappointed yourself, a time when you did not feel good about things. Warning this is not the time to deal with Heartbreak Hotel, Indiana Jones, or the career crash and bum. Push those to one side now. This time simply think about one of those times when a few things went wrong. Take a particular and real day from your past As you think about this event, notice what images and sounds come to mind. Mentally, go through the entire experience, taking whatever time needed to really replay the experience in detail. What happened and when, and then what happened next, and so on. To make this exercise more real for you, here is some space for a few answers.
This review of your plan starts with objectively looking at your personal situation and then examining how changes in your life may affect your investments. As things change personally, you will see that you might need to adjust your long-term goals. For example, an unexpected promotion at work may allow you to buy another building sooner than expected. This could get you to your goal sooner, or raise the amount of your final net worth when it comes time to retire. On the other hand, a job change may take away some of the time you had dedicated to the properties and could slow things down. Furthermore, the market and the economy may be changing for better or worse, which would, no doubt, affect what you buy and sell in the coming year.
There are situations in which it is possible to reduce stress by structuring and changing behaviour. Organising your life helps to reduce frustration, wasted time and the potential for stress. Research by Lakein (1996) indicates that time management programmes are highly effective in reducing stress in both work and everyday living. There are three main elements of such a programme set goals, make daily to do lists, and schedule the day.
Do you know yourself well enough to come to a conclusion about the types of decisions you have difficulties with Perhaps you are able to determine the likely effect of any decision made on your life or those close to you. In these cases perhaps you have a healthy attitude and balance towards making difficult decisions. Are you a borderline gambler where trading decisions are easily made because you simply respond immediately to your signal without thinking of any of the related parameters Perhaps you overtrade Perhaps you are a trader who makes detailed and clear analysis to the extent that the opportunity has passed by the time your decision criteria is activated . Realistic The objectives take account of the circumstances and competing priorities facing you and your life.
In this day and age, many people own computers. Computers make your life so much easier in property management, and the good news is you can still keep even a computerized system fairly simple. As you acquire more properties, you will find that a computerized accounting system is the way to go.
As a final point, you must remember that the depreciation schedule you originally calculate will be with you as long as you own that property. If you sell the property and pay the taxes due, you can start fresh with a new depreciation schedule on your next building. If you trade up via a 1031 exchange, however, that basis and its schedule stay with you.
One of the challenges you may have with proper asset protection is that you may never need it. You may hope that you never have anyone challenging you for the wealth that you've built up, but unfortunately in today's society it's crazy not to have proper asset protection in place. In fact, if you never have a situation come along in your life where someone goes after the wealth you have protected, you're fortunate indeed.
Insurance can also serve more immediate purposes, including being a means to meet long-term goals, such as retirement planning. On reaching retirement age, you can receive the cash or surrender value of your life insurance policy and use the proceeds to supplement your retirement lifestyle or for estate planning purposes.
You're probably making one of the biggest financial purchases and commitments of your life. Though real estate investors by nature tend to be frugal, never try to save money by foregoing a proper physical inspection by qualified experts. Unless you have extensive experience as a builder and contractor, you probably have no idea what you're getting into when it comes to evaluating the condition of most building systems. But even if you have experience, never rely on your own inspection entirely or try to save money by cutting corners. Even experienced and fully qualified real estate investors can find their judgment tainted by an emotional attachment to the property.
You've likely had tunnel vision sometime in your life, but when it comes to your career and your exit strategies, take your blinders off the world is your oyster. That's Peter's motto when he's planning his own exit strategies. Even though he's focused on executing his investment strategies, he leaves an open mind for all possible exit strategies. And here's why Local markets and personal circumstances can change, and after a while, you may find that a particular exit strategy may not be possible after all. So don't focus on one exit strategy. Instead, keep three or four in mind. That way you avoid having the conversation with your buddies as to the one opportunity that got away. (See Chapter 7 for more information on exit strategies and closing deals.)
Trading with money you cannot afford to lose is a very foolish thing to do, yet it is common among beginning traders. When trading, be sure to trade only with money that will not affect your lifestyle. You are trying to improve your lifestyle, not hamper it. Don't borrow money to trade on. Don't use your life savings. And don't use the money that you would use to pay your monthly bills. This is just a road to disaster. Traders who do this have the same mentality that gamblers have. Remember this Traders are not gamblers. If you must compare trading to gambling, then compare yourself to the casino owners. As a disciplined trader, you trade with probabilities on your side so that in the end, like the casino owners, you will come out way ahead.
How much is your life worth How much money would your loved ones need to carry on with day-to-day life if your income were suddenly gone Do you know, or would you rather not even think about it Many people are very outspoken on the topic of insurance they dislike it, but it's easy to see why. First, many people believe that insurance salespeople are not exactly forthright and honest in their dealings. And while that certainly may be the case, that's not an honest assessment of the insurance profession as a whole. Second, insurance brings up uncomfortable feelings that many people don't want to deal with, which is also completely understandable. Finally, as anyone can tell you, insurance is expensive. I can't tell you how many Insurance involves a transfer of risk. By purchasing life insurance, for example, you are acknowledging that you have a financial interest in your life, and therefore you face a risk if something were to happen. With risk you have the option to do one of the...
Stocks can play a role in all sorts of investment strategies, but in this chapter, I discuss only a few well-known approaches. Keep in mind that a stock investing strategy can change based on the major changes in your life and the lifestyle that you lead, such as the ones I present in the following sections.
Today, most everyone wants to invest in real estate. A lot of people have lost money in the stock market in the last 5 to 10 years and have now become interested in real estate. So develop a business plan to include in your identity package. Show them that plan and your activity list. Go to three to four people and ask, If I find a deal, would you like to use your credit, not even your money, to get the deal Then we'll split the profits and set up a win-win situation.
I Homeowner-centered attorney Homeowner-centered attorneys truly represent the homeowner's best interests. They won't file for bankruptcy if the homeowner is unlikely to qualify, and they won't let an investor push the homeowner around. These attorneys know how to play the legal system and can make your life a living hell if you're not pitching what the attorney considers a fair offer.
Consider a mix of small-cap, mid-cap, and large-cap (see Chapter 1 for an explanation of each of these stocks) growth stocks in growth industries. Invest some of your money in five to seven stocks and the remainder in growth-stock mutual funds. You can revise your investment allocations along the way as the general economy changes and or your personal situation (like when you finally say I do to the love of your life) changes.
Scientific experiments have shown it takes about 21 days to change a habit or a thought process. In the simplest terms, that's exactly what we are trying to do. We are trying to change a bad or unhelpful habit into a good and helpful one. But doing this takes time. You did not form your bad habits in one day, so it's impossible to expect them to change in one day. But, if you consistently use these exercises for 21 days in a row, you will be pleasantly surprised at how your habits have changed. In fact, you can certainly use psycho-cybernetics to change more than just your trading. It can be used to change and improve almost any aspect of your life.
Does diversification mean that you shouldn't in any circumstance have all your stocks in one sector It depends on you. For example, if you've worked all your life in a particular field and you're knowledgeable and comfortable with the sector, having a greater exposure is okay, because your greater personal expertise offsets the risk. If you worked in retail for 20 years and know the industry inside and out, you probably know more about the good, the bad, and the ugly of the retail sector than most Wall Street analysts. Use your insight for more profitability. You still shouldn't invest all your money in that single sector, however, because diversification is still vital.
Apartments with new life as condominiums . . . gas stations now operating as retail outlets . . . old homes converted to office space . . . what was once farm acreage is now a sprawling urban shopping center. These properties are examples of adaptive use of both land and buildings brought about by a city's growth and change.
Others are best left alone because they are just a waste of money for you. One type of policy is most often used at businesses. As part of a benefits package, many employers will offer life insurance for their employees. This type of insurance is group life insurance because there is one master policy that covers many different people. Usually group life, when offered by an employer, is paid for solely by the employer, with the death benefits going to whomever the employee designates. Group life is almost always term insurance because of the lower costs. However, this kind of insurance doesn't just have to come from an employer. Usually, any type of group, like a labor union, alumni organization, etc., can obtain a group life policy for those eligible members. Any type of group life insurance should be considered when you are looking at your life insurance needs.
Rich dad said, It is the B-I Triangle that gives shape to your ideas. It is knowledge of the B-I Triangle that allows a person to create an asset that buys other assets. Rich dad guided me in learning how to create and build many B-I Triangles. Many of these businesses failed because I was not able to put all the pieces together harmoniously. When people ask me what caused some of my businesses to fail, it was very often the failure of one or more of the sectors of the B-I Triangle. Rather than become permanently discouraged as many people who fail become, rich dad encouraged me to keep practicing, building these triangles. Instead of calling me a failure when my first big venture failed, rich dad encouraged me to continue on and learn how to build new triangles. He said, The more you practice building these B-I Triangles, the easier it will be for you to create assets that buy other assets. If you diligently practice, it will become easier and easier for you to make more and more...
Now that you have established whether or not you need insurance, deciding how much coverage you actually need becomes your focus. Putting a price on your life may seem like an overwhelming task, but it's important. While pulling a number out of thin air and using that as your coverage amount might seem like an attractive idea, you could wind up with too little coverage, which wouldn't suit your needs. Or, you could wind up paying more than necessary because you have too much coverage.
In the broadest sense, our beliefs shape the way we experience our lives. As I have already said, we're not born with any of our beliefs. They're acquired, and as they accumulate, we live our lives in a way that reflects what we have learned to believe. Consider how different your life would be if you had been born into a culture, religion, or political system that has very little, if anything, in common with the one you were born into. It might be hard to imagine, but what you would have learned to believe about the nature of life and how the world works may not be remotely similar to what you currently believe. Yet you would hold these other beliefs with the same degree of certainty as your current beliefs.
So you need to determine what your risks are, what your activities are, and what your tolerance for paperwork is. The more complicated you make your asset protection, the more complicated your life will be. And, as with everything in finance and real estate, make sure you deal with referred, competent professionals concerning any aspect of asset protection.
A person who has experienced significant trauma through loss, war, or cruelty might perceive the world as an evil place and that the universe is simply a place where we are continually challenged. People can have the same experiences yet believe totally different things. For example, an alternative belief, predicated on the same traumatic experience, could be that the universe has perfect harmony with both good and evil coexisting. This belief makes life purposeful and it promotes a self-image that is useful and positive with regards to trading. awareness - that we must utilise each moment of our lives to the fullest. Mortality awareness is not a negative belief such as when you die, that's it - you're dead . Mortality awareness empowers one to take any necessary risk at any costs to achieve the mission and fulfil one's destiny. The second is of life purpose - to recognise that trading is an important part of fulfilling one's true life purpose. The third is soul passion - where the...
Metaphysical imagination is simply recognising your own responsibility for the events in your life, and through recognition taking intentional wilful control of the human potential in yourself to shape your own destiny. In addition, by becoming aware of the interconnectiveness between your thoughts, comments, or needs and the synchronistic events that follow, your confidence and spiritual belief level will increase and solidify having a positive effect on all other beliefs in your life. What you ultimately wish to do is to intentionally cause the synchronistic events to occur.
The main questions you should be asking yourself are what exactly are the social security, Medicare, and Medicaid programs who qualifies and how does someone qualify Throughout this chapter, we look at these three different government programs and discuss how they will affect your life and the lives of those around you, such as spouses and dependents.
Here is an exercise that will help you learn specifically how to develop and use self-discipline in your life. The purpose of this exercise is to help you learn how to use your mind in different ways. You'll be training your mind to stay positively focused on what you consciously want. You will also learn how to gauge internal resistance from belief systems, and how to build mental resources for taking conscious control of your life. 2. Once you have your list, look it over and pick a task that has a very low priority in your life or one of the least important items. 3. Next, tell yourself in the most positive way that doing this new task you have consciously decided upon is something you now want in your life. Don't say you are going to try and do it. A commitment to try to fulfill a goal is not strong enough. First, start the exercise with a task or goal that is truly insignificant and has little meaning in your life. The objective of the exercise is learning how to manipulate your...
Some of you who are reading these pages may be contemplating the prospect of ending your life. Let me tell you that you do not have to be crazy, bad, mad, or mentally ill to have these thoughts. If you have never been to a play by Shakespeare or read any of his sonnets, poems, or plays I can guarantee that you will know the soliloquy To be or not to be, that is the question. An English speaking person with no education will know this quotation, its meaning, and where it comes from. It resonates with our collective unconscious a universal As traders we know that we cannot control the market and that the only thing that we can control is ourselves. The theory of learned helplessness predicts that once you have been clobbered time and time again by the market, you may come to believe that bad things just happen not only to your trading but to your life in general. There is nothing you can do to prevent them from happening and once you have arrived at this dark place, where your efforts...
Investing too little over the long term won't help you too much. That's why investing as much as you are comfortable with, and starting as early as you can, are so important. It's so easy to procrastinate, but to do that will mean that you don't value your retirement. You could be retired for 10, 20, or even 30 years of your life. Don't you want to be able to enjoy it as much as possible
Trading is not a road to easy wealth, and you shouldn't be trading if you are struggling to keep the lights on or food in your house. I'm not suggesting you can't trade if you only have 1,000, but trading is a serious business that requires financial stability going into the venture. If you lose that 1,000, it shouldn't bankrupt you. Stress can lead to poor decision making, and there is already enough pressure to achieve consistency without worrying about having to pay your bills with the next trade. If you are not where you need to be financially, I suggest you seriously demo trade until you are on better financial ground. You'll be much better prepared to trade with live money after a few months of practice and much calmer about taking trades, knowing that your risk capital doesn't represent what's left of your life savings.
Energy out of one belief and completely energized the other, no contradiction exists from a functional perspective only the belief that the energy will have the capacity to act as a force on your state of mind, on your perception and interpretation of information, and your behavior. Now, the sole purpose of trading mechanically is to transform yourself into a consistently successful trader. If there's anything in your mental environment that's in conflict with the principles of creating the belief that I am a consistently successful trader, then you will need to employ the technique of self-discipline to integrate these principles as a dominant, functioning part of your identity. Once the principles become who you are, you will no longer need self-discipline, because the process of being consistent will become effortless. Remember that consistency is not the same as the ability to put on a winning trade, or even a string of winning trades for that matter, because putting on a winning...
Contrary to these landlord-tenant horror stories, most tenants who agree to rent your property, whether they work or not, will pay their rent. This fact eliminates about 95 of your collection worries. Trust me on this I have enough tenants to prove it. The big problems are caused by the remaining 5 who can practically destroy your life. It's the old story about the rotten apple in a barrel, unfortunately. Destroy your life is not too strong a phrase for what can easily happen when innocent but ignorant landlords do battle with savvy, deadbeat tenants.
Visualize your life what you would be doing and what your life would be like if you didn't have to work for a living. Can you see it These are your Big Goals. Can you verbalize what you will get from living that life These are your Big Whys. While holding on to this clear mental picture, write down the monthly dollar amount you would need to fund it. Go a step further and figure out how much capital you will need to have invested to deliver this monthly amount in the form of unearned income. What you will have is your Big Goals, your Big Whys, and your future cash flow and net worth targets. The last two are your
This is not the end of the world for you. In fact, this actually may expand your options. If you and the people (family or whoever) get along, then use that free rent period of your life to invest your extra cash into real estate. In this case, as you don't need a place to live, you can look at any kind of property that needs tender loving care. I still recommend that you look for properties that can be rented out, and that will ultimately have multiple tenants as that aids your income stream.
Think of these concerns as possibilities to prepare for and guard against, not as probabilities certain to make your life a constant source of aggravation. They won't unless you let them. Indeed, to own a smooth, trouble-free investment, simply follow the 12 secrets of successful landlording.
Understand the absolute necessity of these principles of consistent success and therefore I never violate them
A clear desire aimed squarely at a specific objective is a very powerful tool. You can use the force of your desire to create an entirely new version or dimension to your identity shift energy between two or more conflicting concepts or change the context or polarity of your memories from negative to positive. I'm sure you are familiar with the saying, Make up your mind. The implication of making up our minds is that we decide exactly what we desire with so much clarity (absolutely no lingering doubts) and with so much conviction that literally nothing stands in our way, either internally or externally. If there's enough force behind our resolve, it's possible to experience a major shift in our mental structure virtually instantaneously.
After I finally learned how to trade, I realized how important it was to protect myself at all times. As you learn to trade (or do anything new in your life) never forget rule no. 1 Protect yourself at all times. Then boom, out of the blue, as if someone just refueled the market to keep it going, the market drops another 100 pips and now you are 300 pips in the red, or 3,000 down. You only have 4,000 in your trading account. You told your wife, your family, and your fiends you were embarking on one of the most exiting journeys of your life. And you were right, because things are now pretty exciting Setbacks and failures are a part of life. What you don't want is a setback so devastating that it changes your life forever. When it is time to execute a trade, you can never really quantify how much you can make in a trade however, you can always quantify how much you are willing to risk, or lose, should the trade not go your way.
We have discussed one of the judges, the interviewer, but people tend to neglect the other you. Don't forget that you are also interviewing the firm at the same time the firm is interviewing you. Your goal is to find out as much as possible about where you'll be working, whom you'll be working with, what you'll be doing, and so on. Remember, you are about to commit to an analyst or associate program that could affect the course of your life for several years. You want to enjoy your experience as much as possible and ensure that it's a good fit for your future goals.
Time and again, traders rationalize their actions by passing the buck for something that went awry onto someone or something outside of themselves. Rationalization has a corrupting influence on a trader, because it encourages you to dodge responsibility. There will always be excuses and reasons why a trade or anything in your life did not work out the way you planned or hoped for. The strongest traders are the ones who recognize that excuses and rationalizations are folly. You immediately empower yourself as a trader when you accept the consequences of all your actions, regardless of how painful it might be to do so. Trade with the belief that you are the cause in your universe of trading results. Do not believe for a second that there is such a thing as an accident in trading. When you accept the principle of cause and effect, you will be empowered to take responsibility for everything that happens on your trading pad and in your life. When you do not accept responsibility, you...
Word gets around about the great places to live and the not so great places to live. Make sure the word on the street about your property is in the great places categ* ry. Accomplish that through your actions. Your life may be busy, but it will be a lot easier.
For those of you who are interested in living your life while your money grows in the Forex market, visit www.OuroborosCapital.com and see how our CTA can help you profit from the greatest market in the world. But remember, the Forex market is most effective when you are using it as a part of a diversified portfolio. Keep investing in the stock market. Keep buying bonds. Keep doing the successful things you're doing. Then you can truly enjoy the unparalleled advantages of the Forex market.
Official Download Page Power Quadrant System
There is no place where you can download Power Quadrant System for free and also you should not channel your time and effort into something illegal.