At mastermind university dot com it is written to:
- Save 1/2 of all pay increases.
- Save unexpected income.
If you don't think you are making enough money now, start small anyway.
How do you manage when you need a sick day? How do people survive after they quit a concentration camp?
You can find a way to save.
The welfare hootchie mama's don't agree. But pay them no mind.
Friday, December 16, 2011
Wednesday, November 30, 2011
You Can Fight Poverty and Learned Helplessness...
... its somewhat easy.
Send your kids and young adults who act like they are:
- helpless
- overwhelmed
- conspired against
- hungry
- like an out of touch bureaucrat without the paycheck
- concerned about having a decent retirement
- using the delay game against themselves...
and send them to: http://www.mastermind-university.com/
I do not endorse glittering "new" things. New usually just means socialist or indicates a borderline fraud. The word "new" is misused frequently.
Follow through by quizzing your student, kid, inmate, patient, or employee about what he or she learned.
The above site takes the best ideas for financial independence I have learned in my life and they are on the Internet for free.
Send your kids and young adults who act like they are:
- helpless
- overwhelmed
- conspired against
- hungry
- like an out of touch bureaucrat without the paycheck
- concerned about having a decent retirement
- using the delay game against themselves...
and send them to: http://www.mastermind-university.com/
I do not endorse glittering "new" things. New usually just means socialist or indicates a borderline fraud. The word "new" is misused frequently.
Follow through by quizzing your student, kid, inmate, patient, or employee about what he or she learned.
The above site takes the best ideas for financial independence I have learned in my life and they are on the Internet for free.
Monday, November 21, 2011
Berkshire Hathaway a Buy
Posted by Dr. Steve Sjuggerud, True Wealth Archives, Featured Article -->on November 14, 2011 10:53 am
Warren Buffett “arguably the greatest investor in history“ put a fresh $23.9 billion dollars to work in new investments in the third quarter of 2011.
Itsthe most in at least 15 years, according to Bloomberg.
As usual, Buffett is taking advantage of all the turmoil in the markets these days. The cheaper stocks get, the better I like to buy them, Buffett said in September.
Buffett put nearly $24 billion of cash to work through his company“ Berkshire Hathaway."
Shares of Berkshire Hathaway are a buy in my True Wealth newsletter. Berkshire is trading near its book value which is a (very rough) gauge of liquidation value.
Whenever you can put your money with the greatest investor in history at close to liquidation value, you should.
According to the latest annual report from Berkshire Hathaway, Buffett has grown the company's book value by 490,409% from when he took over through the end of 2010. (Yes, that's 490,409% growth รข€“ that's not a misprint!)
With that kind of extraordinary track record, you'd think investors would be willing to pay a premium for his skills. Usually they are. Take a look at the chart below.
You can see that the stock traded for about two times book value in the late 1990s. And it traded around 1.5 times book value for most of the 2000s, until the financial crises.
Over the last 20 years, shares of Berkshire Hathaway haven't gotten as cheap as they are today (trading near book value) very often.
* In 1992, they almost got as cheap as they are today and the shares nearly doubled in a year.
* In 2000, they fell to near book value and the stock rose 50% in a year.
* In March 2009, the shares bottomed near book value. They soared about 70% over the next year.
Dan Ferris, a longtime friend who writes the investment letter Extreme Value, recently estimated a fair value for shares of Berkshire Hathaway for his subscribers. Dan's fair value for Berkshire is about 56% higher than its share price today (and Dan's math seemed conservative to me).
Two weeks ago, Dan told his Extreme Value subscribers, "If you asked me for one that's a perfect place for new subscribers to begin taking advantage of our ideas, I'd have to choose Berkshire Hathaway.
Last month, Buffett put a fresh $24 billion to work in investments. He was simply following his own advice to be fearful when others are greedy, and greedy when others are fearful.
Others are fearful. It's time for you to be greedy and consider buying shares of Berkshire Hathaway today. They come in shares and B shares they're different prices, but they'll perform the same.
Today they're not trading at much of a premium at all over book value. This situation rarely happens. When it does, take advantage of it! History shows you should be well rewarded.
Good investing,
Steve Sjuggerud
www.topstockanalysts.com
Warren Buffett “arguably the greatest investor in history“ put a fresh $23.9 billion dollars to work in new investments in the third quarter of 2011.
Itsthe most in at least 15 years, according to Bloomberg.
As usual, Buffett is taking advantage of all the turmoil in the markets these days. The cheaper stocks get, the better I like to buy them, Buffett said in September.
Buffett put nearly $24 billion of cash to work through his company“ Berkshire Hathaway."
Shares of Berkshire Hathaway are a buy in my True Wealth newsletter. Berkshire is trading near its book value which is a (very rough) gauge of liquidation value.
Whenever you can put your money with the greatest investor in history at close to liquidation value, you should.
According to the latest annual report from Berkshire Hathaway, Buffett has grown the company's book value by 490,409% from when he took over through the end of 2010. (Yes, that's 490,409% growth รข€“ that's not a misprint!)
With that kind of extraordinary track record, you'd think investors would be willing to pay a premium for his skills. Usually they are. Take a look at the chart below.
You can see that the stock traded for about two times book value in the late 1990s. And it traded around 1.5 times book value for most of the 2000s, until the financial crises.
Over the last 20 years, shares of Berkshire Hathaway haven't gotten as cheap as they are today (trading near book value) very often.
* In 1992, they almost got as cheap as they are today and the shares nearly doubled in a year.
* In 2000, they fell to near book value and the stock rose 50% in a year.
* In March 2009, the shares bottomed near book value. They soared about 70% over the next year.
Dan Ferris, a longtime friend who writes the investment letter Extreme Value, recently estimated a fair value for shares of Berkshire Hathaway for his subscribers. Dan's fair value for Berkshire is about 56% higher than its share price today (and Dan's math seemed conservative to me).
Two weeks ago, Dan told his Extreme Value subscribers, "If you asked me for one that's a perfect place for new subscribers to begin taking advantage of our ideas, I'd have to choose Berkshire Hathaway.
Last month, Buffett put a fresh $24 billion to work in investments. He was simply following his own advice to be fearful when others are greedy, and greedy when others are fearful.
Others are fearful. It's time for you to be greedy and consider buying shares of Berkshire Hathaway today. They come in shares and B shares they're different prices, but they'll perform the same.
Today they're not trading at much of a premium at all over book value. This situation rarely happens. When it does, take advantage of it! History shows you should be well rewarded.
Good investing,
Steve Sjuggerud
www.topstockanalysts.com
Wednesday, November 9, 2011
Community of Investors and Achievers
Get your proactive, motivated self and your NZT48!
I have got some people together who are investing for early retirement, follow Robert T. Kiyosaki and a few other fine gurus.
If you want to retire early or become a billionaire, you need to get around the right people.
Come check it out this community of achievers. Read the description carefully.
This group is moderated by the author of The Black Book of the Master Mind.
http://finance.groups.yahoo.com/group/IndependentWealth/
In IndependentWealth, you can:
- Share what works and what doesn't with other uncommon people.
- Get excellent articles, motivational quotes, memes, book suggestions, and stock picks.
- Unite with others who pursue FI-RE regardless of other people's messages and insinuations.
- Get honest opinion on the financial markets and stock picks.
I have got some people together who are investing for early retirement, follow Robert T. Kiyosaki and a few other fine gurus.
If you want to retire early or become a billionaire, you need to get around the right people.
Come check it out this community of achievers. Read the description carefully.
This group is moderated by the author of The Black Book of the Master Mind.
http://finance.groups.yahoo.com/group/IndependentWealth/
In IndependentWealth, you can:
- Share what works and what doesn't with other uncommon people.
- Get excellent articles, motivational quotes, memes, book suggestions, and stock picks.
- Unite with others who pursue FI-RE regardless of other people's messages and insinuations.
- Get honest opinion on the financial markets and stock picks.
Saturday, September 17, 2011
How to Be a Billionaire -- Book Review
How to Be a Billionaire - Proven Strategies from the Titans of Wealth- Written by Martin S. Fridson
This book looks at the titans of wealth. It was published in 2000 so you won't see some of the new money from Google and Facebook in here but the principles are the same. Whenever you can leverage thoughts from such an elite group of people, it is worth it to take the time to study it.
Quick useless trivia stats to put in perspective how much a million, billion and trillion really are - If you were to count that amount of money and assume that you count $1 dollar every second then here is how it works out:
1. It would take you 12 days to count $1,000,000 dollars.
2. It would take you 32 years to count $1,000,000,000 dollars.
3. It would take you over 32,000 years to count $1,000,000,000,000 dollars.
Let's not even discuss the U.S. debt. I guess we should make all the politicians sit in the room and count until they hit it. It may be a more productive use of their time since they get so much done now!
Why is this important to me? This book may not be important to you for good reasons. It takes huge sacrifice to become a billionaire. These titans of wealth are the elite of money making humanity. This takes work. If you think of the best professional athletes then you will understand the dedication it really takes. Muhammad Ali started boxing at 10 years old and practiced his whole life. Boxing was his life's passion and it took that type of dedication to be the best. He did not just step in the ring one day and become the best. It took him years of self-sacrifice, dedication and sweat equity to get it done. The same is true for all the Billionaires profiled in this book. On the other hand, there is great knowledge to be used if your goals are big but maybe not that big. Let's say you want a more balanced life then you can still use these principles to make a ton of money and garner security and the good things that money can buy without pouring all of your time in the endeavor. The principles you will see in this book take OPM, OPE and OPT to the extremes. I have talked about these concepts in other summaries. It is interesting how you see the same principles pop up in profiling success.
This book is packed with 9 principles used by different people to become billionaires. You may or may not agree but the data is conclusive on their success. I will touch on all of them but dig into the top 3 in more detail
1. Take Monumental Risks- "Fortune assists the brave" - H.L Hunt and John Kluge bankrolled their fortunes at the poker table. These men learned more about deals and money gambling then they did in traditional university. John borrowed $5000 from the bank and only used $1000 of it and then sold the business for $500,000. When he told the bank, the comment was "that is some leverage" - He asked - What is leverage? Years later he was sorry he asked. He amassed his fortune in Radio and LBO's (Leveraged Buyouts)
2. Do business in a new way - Sam Walton and Ross Perot both saw weaknesses in the market that they exploited. They built a culture of execution and market dominance. Wal-Mart may be the first company in history to generate $1 Trillion in revenue. This will summarize everything - According to Ross Perot - "The first EDSER to see a snake kills it. At GM, first thing you do is organize a committee on snakes. Then you bring in a consultant who knows a lot about snakes......Then you talk about if for one year." This is why Perot left GM after selling EDS to them.
3. Dominate your market - John D. Rockefeller and Bill Gates. Both were highly successful and dominated everything they touched. Both men created enemies and people ALWAYS questioned their tactics. With that aside you can't deny what they accomplished. They played to win. The story of Microsoft is one of shear dominance in the market. Gates exploited a whole and created an entire industry out of thin air. People questioned that Monopoly power that Microsoft had and they would be correct in pointing it out. This should be a goal of any entrepreneur - CONTROL YOUR MARKET. If you cannot be in the top 3 in your market then you need to get out of it. Gates lead Microsoft with razor sharp focus and expected the best. He leveraged his strength to branch into other profitable software markets. He read the encyclopedia cover to cover by age 11. You cannot deny his intellect.
4. Consolidate a market - This strategy does create billions of dollars but you need to be careful because most market rollups end in disaster. Read Billion Dollar Lessons. When you do it right like Wayne Huizenga of Waste Management then you create Billion dollar companies and market capitalizations. The key here is if you have two average companies and meld them together then you have one big average. This is not the way to do it. You have to execute and drive a culture of innovation to succeed with this method.
5. Buy Low - Warren Buffett, Carl Icahn, Lawrence Tisch and J. Paul Getty all used this strategy to amass fortune. Warren Buffet always wants to buy $1 and pay 50 cents. This is one secret to his magical fortune. When you dig in you will see he uses the right instruments to do this. He uses Insurance companies to buy whole or controlling interests in companies. This is brilliant because he can use the "Float" or OPM, the tax advantages of the entity and sound financial leverage. How can the little guy use these principles? I recommend checking out my summaries of Robert Kiyosaki's books. He talks about the same concepts but more in tune for the little guys.
6. Thrive on Deals - This is simply love of the game. You see this all the time when you study these billionaire magnets. The key is execution and the ones that are successful do not do deals for the deals sake. This is for all the other idiots that you can read about in the book summary Billion Dollar Lessons.
7. Out manage the competition - First and foremost, hire the right people. Be diligent at doing this. Microsoft used to take out ads that said - "We recruit the best and brightest only." They would give them difficult problems in the interview and tell them "Solve it". They ripped them to pieces before they hired them. This set the tone for the people that did get hired and they made no mistake about the culture. Sam Walton and Richard Branson also use positive reinforcement and entrusting people with a lot responsibility to out manage the competition.
These last two I will not spend any time on because for the other 95% of us we cannot do this and it clouds the game regardless.
How to be a billionaire is a simple road map to how the titans of business use certain strategies to amass fortunes. There is nothing better than investing a couple of hours and sucking out the knowledge of 300 man years of billionaire knowledge. This is, in my humble opinion, the best way to use leverage. That is OPE - leverage other people's expertise and use it for your own gain and to better society.
I hope you have found this short video summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days.
One thing you can take away from this book is to buy low. This is probably the easiest thing to do. Invest the same way you buy groceries and good things will happen. One really good deal can have big effects.
I was really lucky in my business; we merged with a company that was going to be dissolved by a much bigger entity. We picked up the company for pennies and added to our team 3 professionals that will enhance us 10 fold. Be patient and keep your eyes open. "Luck favors the prepared mind."
Joe Mosed invites you to subscribe to http://www.successprogress.com to receive free video book summaries. Our vision at Success Progress is to provide relevant & meaningful content to our user community. To view the video summary of this article please visit http://www.successprogress.com/videos/billionaire
(c) Copyright - Joe Mosed / Success Progress All Rights Reserved Worldwide.
Article Source: http://EzineArticles.com/?expert=Joe_Mosed Article Source: http://EzineArticles.com/6413788
This book looks at the titans of wealth. It was published in 2000 so you won't see some of the new money from Google and Facebook in here but the principles are the same. Whenever you can leverage thoughts from such an elite group of people, it is worth it to take the time to study it.
Quick useless trivia stats to put in perspective how much a million, billion and trillion really are - If you were to count that amount of money and assume that you count $1 dollar every second then here is how it works out:
1. It would take you 12 days to count $1,000,000 dollars.
2. It would take you 32 years to count $1,000,000,000 dollars.
3. It would take you over 32,000 years to count $1,000,000,000,000 dollars.
Let's not even discuss the U.S. debt. I guess we should make all the politicians sit in the room and count until they hit it. It may be a more productive use of their time since they get so much done now!
Why is this important to me? This book may not be important to you for good reasons. It takes huge sacrifice to become a billionaire. These titans of wealth are the elite of money making humanity. This takes work. If you think of the best professional athletes then you will understand the dedication it really takes. Muhammad Ali started boxing at 10 years old and practiced his whole life. Boxing was his life's passion and it took that type of dedication to be the best. He did not just step in the ring one day and become the best. It took him years of self-sacrifice, dedication and sweat equity to get it done. The same is true for all the Billionaires profiled in this book. On the other hand, there is great knowledge to be used if your goals are big but maybe not that big. Let's say you want a more balanced life then you can still use these principles to make a ton of money and garner security and the good things that money can buy without pouring all of your time in the endeavor. The principles you will see in this book take OPM, OPE and OPT to the extremes. I have talked about these concepts in other summaries. It is interesting how you see the same principles pop up in profiling success.
This book is packed with 9 principles used by different people to become billionaires. You may or may not agree but the data is conclusive on their success. I will touch on all of them but dig into the top 3 in more detail
1. Take Monumental Risks- "Fortune assists the brave" - H.L Hunt and John Kluge bankrolled their fortunes at the poker table. These men learned more about deals and money gambling then they did in traditional university. John borrowed $5000 from the bank and only used $1000 of it and then sold the business for $500,000. When he told the bank, the comment was "that is some leverage" - He asked - What is leverage? Years later he was sorry he asked. He amassed his fortune in Radio and LBO's (Leveraged Buyouts)
2. Do business in a new way - Sam Walton and Ross Perot both saw weaknesses in the market that they exploited. They built a culture of execution and market dominance. Wal-Mart may be the first company in history to generate $1 Trillion in revenue. This will summarize everything - According to Ross Perot - "The first EDSER to see a snake kills it. At GM, first thing you do is organize a committee on snakes. Then you bring in a consultant who knows a lot about snakes......Then you talk about if for one year." This is why Perot left GM after selling EDS to them.
3. Dominate your market - John D. Rockefeller and Bill Gates. Both were highly successful and dominated everything they touched. Both men created enemies and people ALWAYS questioned their tactics. With that aside you can't deny what they accomplished. They played to win. The story of Microsoft is one of shear dominance in the market. Gates exploited a whole and created an entire industry out of thin air. People questioned that Monopoly power that Microsoft had and they would be correct in pointing it out. This should be a goal of any entrepreneur - CONTROL YOUR MARKET. If you cannot be in the top 3 in your market then you need to get out of it. Gates lead Microsoft with razor sharp focus and expected the best. He leveraged his strength to branch into other profitable software markets. He read the encyclopedia cover to cover by age 11. You cannot deny his intellect.
4. Consolidate a market - This strategy does create billions of dollars but you need to be careful because most market rollups end in disaster. Read Billion Dollar Lessons. When you do it right like Wayne Huizenga of Waste Management then you create Billion dollar companies and market capitalizations. The key here is if you have two average companies and meld them together then you have one big average. This is not the way to do it. You have to execute and drive a culture of innovation to succeed with this method.
5. Buy Low - Warren Buffett, Carl Icahn, Lawrence Tisch and J. Paul Getty all used this strategy to amass fortune. Warren Buffet always wants to buy $1 and pay 50 cents. This is one secret to his magical fortune. When you dig in you will see he uses the right instruments to do this. He uses Insurance companies to buy whole or controlling interests in companies. This is brilliant because he can use the "Float" or OPM, the tax advantages of the entity and sound financial leverage. How can the little guy use these principles? I recommend checking out my summaries of Robert Kiyosaki's books. He talks about the same concepts but more in tune for the little guys.
6. Thrive on Deals - This is simply love of the game. You see this all the time when you study these billionaire magnets. The key is execution and the ones that are successful do not do deals for the deals sake. This is for all the other idiots that you can read about in the book summary Billion Dollar Lessons.
7. Out manage the competition - First and foremost, hire the right people. Be diligent at doing this. Microsoft used to take out ads that said - "We recruit the best and brightest only." They would give them difficult problems in the interview and tell them "Solve it". They ripped them to pieces before they hired them. This set the tone for the people that did get hired and they made no mistake about the culture. Sam Walton and Richard Branson also use positive reinforcement and entrusting people with a lot responsibility to out manage the competition.
These last two I will not spend any time on because for the other 95% of us we cannot do this and it clouds the game regardless.
How to be a billionaire is a simple road map to how the titans of business use certain strategies to amass fortunes. There is nothing better than investing a couple of hours and sucking out the knowledge of 300 man years of billionaire knowledge. This is, in my humble opinion, the best way to use leverage. That is OPE - leverage other people's expertise and use it for your own gain and to better society.
I hope you have found this short video summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days.
One thing you can take away from this book is to buy low. This is probably the easiest thing to do. Invest the same way you buy groceries and good things will happen. One really good deal can have big effects.
I was really lucky in my business; we merged with a company that was going to be dissolved by a much bigger entity. We picked up the company for pennies and added to our team 3 professionals that will enhance us 10 fold. Be patient and keep your eyes open. "Luck favors the prepared mind."
Joe Mosed invites you to subscribe to http://www.successprogress.com to receive free video book summaries. Our vision at Success Progress is to provide relevant & meaningful content to our user community. To view the video summary of this article please visit http://www.successprogress.com/videos/billionaire
(c) Copyright - Joe Mosed / Success Progress All Rights Reserved Worldwide.
Article Source: http://EzineArticles.com/?expert=Joe_Mosed Article Source: http://EzineArticles.com/6413788
Sunday, August 21, 2011
7 Ways to Unleash Your Financial genius
1) Obey the law of reciprocity. You are not going to get something for nothing. You must sacrifice something to gain something. If your customers are more than happy, you will be more than happy to be able to sell even more. Rewriting 3 eBooks and flinging them on an affiliate program expecting huge results is not obeying the law of reciprocity.
2) Be highly adaptable. People who survive and the people who reap the big windfalls noticed changes in their environments and acted in time. Adaptable people are likely to change their tactics and objectives when their boundary spanning and forecasting says "trouble on the horizon" or "big potential ahead." There is a slight chance you could adapt the needs and wants of consumers to what you are selling. You need to figure out how likely which business or investment has the best chance of success.
3) Begin with the end user in mind. Google serves the end user. Google's end users seem pretty satisfied. From the beginning, you must aim to satisfy your end users. If you do not, you are out of business. Test products and test customer service. Survey your customers to see if they like what they bought from you. Use Google alerts and monitor reviews of your product and your competitor's product.
4) Do as much of the important work yourself, if you can. No one cares about the success of your business as much as you. You cannot afford to hire incompetent workers, dishonest workers, or workers who do not really care. If you need to hire a specialized worker and need awesome results for your startup, copy Jeff Bezos of Amazon and make your programmer a part owner of your company.
5) Form a Master Mind group. There is synergy in a Master Mind. Sounding boards are useful. It is very, very beneficial to have an experienced entrepreneur in your Master Mind member who can steer you clear of errors and any sort of trap or con. Don't mooch off your Master Mind, bring something to the table.
6) Pretend its do or die. I have a guy in my Master Mind who is an alternative health expert. He tells people to pretend they have a month to live. He then tells them to get a juicer, quit smoking, and a bunch of other stuff. What I will say is: you know in 30 days your job is history. If you don't have money to retire with the comfort you want, what will you do? Then begin your research, planning, saving, and finding your own work.
7) Use self hypnosis and custom subliminal MP3's to alter your thinking, beliefs about yourself and your behavior. Listening when you wake up in the morning is best. Use your imagination. Tell yourself you can do it. Tell yourself you are capable. Succinctly tell yourself why you are capable. Focus on the most important few things.
If you choose to use self hypnosis and mind programming, whatever you do, DO NOT say "I am a billionaire." Stick with stuff that is attainable. You can learn faster, be motivated, not procrastinate, and be more confident. Those statements will likely get results. Too many wealth affirmations make you chant, "I want to get rich" which is a useless affirmation.
David K Drews is an author, investor, Internet marketer, MBA, and ex politcal hack. David runs http://www.renegadeuniversity.net - at this site you will find help with self hypnosis and subliminals, David's book about Master Mind groups, a list of 170 money saving ideas, the best books and sites for unleashing your financial genius.
Why stay in the school of hard knocks? Get ahead of the game today.
Article Source: http://EzineArticles.com/?expert=David_Drews Article Source: http://EzineArticles.com/6501182
Wednesday, August 17, 2011
My Current Investing Strategy: Tech, Leveraged ETFs and Other Countries
Right now, I am buying and holding (a few) companies that are developing cutting edge technologies. For example, nanotechnology (I own shares of IBM). Tech companies are a good buy now.
During the panic last week, I took profits on FAZ, and AGQ. I took those profits and bought shares of AGD. (IBM did well last week.)
Its good to spread your money around. Its good to have some etfs, including short and leveraged etf s (I think so). Its good to have some cash on the sidelines for puts an/or short funds, or to buy a discounted stock. You can't do that without any cash.
I am becoming more of a believer in taking profits and playing with the houses money.
During the panic last week, I took profits on FAZ, and AGQ. I took those profits and bought shares of AGD. (IBM did well last week.)
Its good to spread your money around. Its good to have some etfs, including short and leveraged etf s (I think so). Its good to have some cash on the sidelines for puts an/or short funds, or to buy a discounted stock. You can't do that without any cash.
I am becoming more of a believer in taking profits and playing with the houses money.
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