Gas prices and the middle class

I have noticed lately it seems gas is most expensive in Ritzville and in the Hood. Life seems to be the same way – the rich and the poor stimulate the economy. Rather ..the rich and the poor are the economy, or so it seems. And the middle class always seems to find a way to separate themselves from it just a simple observation today..

Okay I’m not saying the middle class are not actuall part of the economy honestly that would be foolish. I’m just saying it seems that the rich buy the asset that the poor spend money on which are liabilities to the poor. The middle-class, the real middle-class, which is greatly shrinking and for the reasons I am talking about here(that and they are at or approaching retirement), stash their cash and avoid paying interest. In an economy that is entirely built on debt, very little is contributed financially outside of the fractional reserve dollars that they create by holding their money in savings. However, the real value created by these people is usually very high when you look at the quality of workmanship they produce in the small business sector. The rich and the government however beat the hell out of them. We have been seeing this especially in recent years with this bloodbath of the middle class.

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Happiness Creates Success.. In that order!

Written by: Joshua Gayman

90% of our long term happiness is predicted not by the external world that we live in, but by the way our brain processes the world. If we change our formula for happiness and success, what we can do is change the way that we can then effect our reality.

25% of job success is predicted by IQ.

75% of job success is predicted by optimism levels, social support levels, and ability to see stress as a challenge, instead of a threat.

The absence of disease is not health. 

Our society(schools and companies, parenting styles, management styles, motivation styles, news, etc..) operates as tho:

“If I work harder then I will be more successful, and if I am more successful, then I will be happier.”

This is broken and backwards for 2 reasons:

  1. Every time your brain has a success, you just changed the goal post of what success looks like. IE: You got good grades, now you have to get better grades. You got into a good school, now you need to get into a better school. You got a good job, now you got to get a better job. You hit your sales target, we’re going to change your sales target.”*If happiness is on the other side of success, your brain never gets there. We think if we have been successful that we will be happier, but we keep ourselves from ever getting to that state.
  2. Our brain works in the opposite order. If we can raise our level of positivity in the present, then our brain experiences a “happiness advantage.” Which means our brain at positive, performs significantly better than it does at negative, neutral, or stressed. Our intelligence rises, our creativity rises, our energy level rises. In fact, every single business outcome improves. Our brain at positive is 31% more productive than our brain at negative, neutral or stressed. We are 37% better at sales. Doctors are 19% faster, more accurate at coming up with a correct diagnosis when positive versus negative, neutral, or stressed.

***By becoming positive in the present, our brains work even more successfully, because they are able to work harder, faster, and more intelligently. This means we need to reverse the formula if we want to find out what our brains are actually capable of.

Dopamine floods into your system when you are positive. This has 2 functions:

      1. It makes you happier.
      2. It turns on all of the learning centers in your brain, allowing you to adapt to the world in a different way

*You can train your brain to become more positive.

In 2 minutes for 21 days in a row, you can re-wire your brain to work more optimistically and more successfully.

Write down 3 new things that you are grateful for over 21 days. After 21 days, your brain starts to retain a pattern of scanning the world for the positive and not the negative. Journaling about one positive experience that you have had over the past 24 hours allows for your brain to relive it. Excersize teaches your brain that behavior matters. Meditation allows the brain to get over the cultural ADHD that we’ve been creating by trying to do multiple tasks at once, and allows us to focus on the task at hand. Random and conscience acts of kindness praising or thanking someone in their social support network. (1 per day)

By doing these activities, you are training your brain just like we train our bodies, we can reverse the formula for happiness and success.

On facebook?

*Stats based on study at Harvard University.

Essential Qualities of an Entrepreneur: Brand

Essential Qualities of an Entrepreneur: Brand

Posted on: Tuesday, December 20, 2011|Written by: Robert Kiyosaki

In some ways, it’s fitting that I sit down to write about a brand as an essential quality of an entrepreneur this morning. All across the headlines are blazing the news of the death of Kim Jong Il at the age of 70 years old.

Interesting among the more standard news stories about the Kim’s reign — and the devastation it caused his country and his people — is an article in The Wall Street Journal on the mythic nature of Kim created by his propaganda machine.

According to the article, there are two filters through which Kim was viewed.

To his people, Kim is a “peerless leader, master of all knowledge and gifted athlete”— or at least gives the appearance as so — with huge banners and paintings showing his likeness all over the country of North Korea and carefully constructed photo ops and news stories painting him as such. Newscasters, announcing his death on television, we’re in tears as they reported the news.

To the world, Kim is a brutal dictator with a bizarre love of gray jumpsuits. He oversaw a country that declined from a communist regime over decades into one of the poorest and most brutal dictatorships in the world, imprisoning millions, killing untold numbers of his own people, and pushing scores of North Koreans into abject poverty and starvation.

But these are all perceptions, as no one really “knew” Kim. Very few world leaders actually met with him, and his own people only heard his voice once, in 1992, on a broadcast where he said, “Glory to the people’s heroic military.”

Eventually, however, as it does for everyone, the truth gets out. And that brings me to branding.

Over the last couple weeks, I’ve briefly shared some thoughts on the essential qualities of an entrepreneur, based out of the book, Midas Touch, by Donald Trump and me.

So far, I’ve written on strength of character and F.O.C.U.S. This week, I want to talk about the importance of a brand.

The Importance of Brand for An Entrepreneur

Many people think a brand is what you make, which is not true. What you make is simply a commodity. A brand is what communicates who you are as a person or a company and informs what you make.

A brand is different than a commodity. For instance, Coca-cola is a brand. Store-“brand” soda is a commodity — not a really a brand. Nobody collects Safeway-brand cola merchandise — and no one builds museums to celebrate the history of Kroger soda. They do for Coke though, because it is a brand — and one that people love.

A brand is important for an entrepreneur because it helps people instantly know what you stand for. For me, my brand is taking complex financial information and making it easy and fun to learn. My company represents that brand, and people trust me and my brand. My brand is authentic.

And that’s why today’s news is so interesting, because it communicates a universal truth about branding.

Kim Jong Il had a brand (we all do to a greater or lesser degree, and many refer to is as a reputation). To us, it’s clear that his brand was a brutal dictator. But we don’t really know, yet, what his brand was in his own country. He worked hard to pass himself off as a great man and leader to be revered and who cared for his people and country against a world out to get them. But I’ll wager that most North Koreans don’t buy that brand. Why? Because the reality of their lives as they starve and face persecution don’t measure up to that brand.

His brand is not authentic. It is a veneer held together by fear. Now that he’s dead, it will most likely unravel. News sources are indicating as much, with most world leaders predicting a huge and possibly violent power struggle on the horizon.

That is an important lesson in branding — your brand must be authentic, or you’ll eventually be found out. You can be successful by some measure with a brand that is not authentic, but eventually that lie will be found out and what you’ve built will come crashing down. Rather than shoot for a period of success by creating a false brand, a true entrepreneur seeks to build a legacy by creating a true brand.

And a true brand comes from doing what you love and building a great company that desires to share that love.

For me, I love to see people’s lives changed by financial education, just as my life was.

My company exists for that sole reason, and it’s reflected in my brand. I don’t need a propaganda machine to communicate that. My actions and the products of my company represent that, my employees live that, and my customers attest to that.

If you plan on being an entrepreneur, as I hope many of you are, I would challenge you to begin the process of self-discovery for both you and your company. Who are you, really? What are you passionate about? What defines you and your company?

Once you have discovered the answers to those questions, build your company around them and live them truly. Only then will you have a true and authentic brand, and only then will people look and you and say, “Yes, I know and love that brand.”

Don’t think you can fake it. Because you can’t. Eventually, everyone’s true brand comes out—just as it will for Kim Jong Il in North Korea.

FOCUS – “follow one course until successful!”

This is one of the greatest reads in a while! This post is a short summary of one of the chapter’s covered in Robert Kiyosaki’s and Donald Trump’s latest book, “Midas Touch.” I strongly recommend you pick up the book if you want to be a business owner or entrepreneur on any level. I love what he has to say about the information age that we all live in! – Joshua Gamen

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Essential Qualities of an Entrepreneur: F.O.C.U.S.

I recently released my newest book, The Midas Touch: Why Some Entrepreneurs Get Rich and Others Don’t, with my good friend, Donald Trump. This is a book on entrepreneurship for entrepreneurs—something both Donald and I are extremely passionate about.

The reason Donald and I wrote this book is because we’ve learned the hard way that there are five, essential qualities entrepreneurs need to have in order to succeed. These qualities aren’t a guarantee for success, but not having them is a guarantee for failure. And we want you to succeed.

So, over the next few weeks, I’ll briefly share some thoughts on each quality. For more on each quality, I encourage you to purchase a copy of Midas Touch.

Last week, I wrote on the number one essential quality of an entrepreneur—strength of character. This week, I’m writing on essential quality #2—F.O.C.U.S.

Today, we live in a world of instant gratification.

When I was a kid, we had only a handful of channels on the television. If you wanted to know something, you had to go to the library and spend some time to look it up. If you wanted to know how someone was doing, you had to write them a letter – or if you had the money, call them long distance. And if you needed directions, you had to stop at a gas station to ask.

The world has changed since then. Now, there are thousands of channels on TV and most people can’t stay on one for more than a few minutes. If you want to know something, you look it up on Wikipedia in seconds through your computer or phone. If you want to know how all your friends are doing, you spend a few minutes on Facebook. If you want to talk to them, you text them – or six or seven of them – right away and all day long. And if you want directions, you hit a little map button on your phone.

This instant gratification is a result of living in the Information Age, which is a double-edged sword because living in the Information Age gives more people more opportunity than ever in history to become rich, but it also makes it harder to become rich because we’re all suffering from ADD.

Today, we live in a world that finds it hard to focus.

Because there is so much information at our finger tips, our minds, especially young people’s minds, are conditioned to move from one stimuli to the next. It is rare these days to focus on one thing for a sustained period of time.

If you want to be a successful entrepreneur, however, you have to learn to F.O.C.U.S. Simply, this means Following One Course of action Until Successful. This takes time and effort – and, as we talked about last week, strength of character.

For many entrepreneurs, it takes years to master a business sector or asset class. It takes the dedication of studying hard, building your financial education, cultivating relationships, and learning from mistakes. And during those years, you’re looking at many long days, putting in lots of hours for little-to-no pay.

The difference between wannabe entrepreneurs and successful ones = F.O.C.U.S.

At the end of the day, the difference between a successful entrepreneur and a wannabe entrepreneur is F.O.C.U.S. Many wannabe entrepreneurs are looking to get rich quick. So, when one avenue doesn’t pan out, they move onto the next. The problem is they are never successful because they never put in the time and effort required to be so.

Rich Dad has never been about getting rich quick.

We’ve always been about a lifelong journey of financial education.

No one is born an entrepreneur. You become an entrepreneur over many years of learning, hard work, and F.O.C.U.S.

 

Written by: Robert “Rich Dad” Kiyosaki

Essential Qualities of an Entrepreneur: Strength of Character

A couple weeks ago, I wrote about something hopeful I see in America, the rise of young people interested in entrepreneurship (“There’s Hope Yet”). More than ever, the upcoming generation wants to start businesses and pursue their passions by starting companies that will not only take care of them and their family, but also benefit society as a whole. I applaud this.

I recently released my newest book, The Midas Touch: Why Some Entrepreneurs Get Rich and Others Don’t, with my good friend, Donald Trump. This is a book on entrepreneurship for entrepreneurs—something both Donald and I are extremely passionate about.

The reason Donald and I wrote this book is because we’ve learned the hard way that there are five, essential qualities entrepreneurs need to have in order to succeed. These qualities aren’t a guarantee for success, but not having them is a guarantee for failure. And we want you to succeed.

So, over the next few weeks, I’ll briefly share some thoughts on each quality. For more on each quality, I encourage you to purchase a copy of Midas Touch.

Strength of Character

As a young man, I started a successful Velcro wallet business. This was in the early 1980’s and MTV was just starting to take off. My partners and I had the foresight to take advantage of the wave of rock bands coming out of MTV, and we licensed band names and logos to place on our wallets.

For a while, business boomed. We had thousands of distributors around the world shipping our wallets for us, and we had millions in sales. The problem is that we didn’t really know what we were doing. As a result, many of our sales partners were 120 or more days late on paying us or had skipped out entirely. Because of this, we couldn’t pay our vendors, didn’t have the materials to continue production, and were in danger of not paying our employees and our taxes. We were in a cash crunch.

I’ll never forget sitting down for lunch with my rich dad to go over my financials for the company. Looking over the financial state of my company he said to me, “Your company has financial cancer. You’ve mismanaged a company that could have been successful. You need to look at reality and admit you’re incompetent and that your business is a failure.”

It was a hard word to hear. Up till that point, we tried to hold on, thinking the next big break would come. But it never did, and things were going from bad to worse.

After that conversation, I went back to my partners, and we did the right thing. We liquidated our inventory, paid our employees what was due to them, and set aside enough money to pay our taxes. The company was finished, but at least we weren’t crooks.

That was my first major failure as an entrepreneur. But it wasn’t my last. And if there’s anything I’ve learned after 30+ years as an entrepreneur, it’s that you will fail. The question is not whether you’ll fall; it’s how many times will you stand up?

The #1 essential quality of an entrepreneur is Strength of Character.

In order to succeed, you must first have integrity to do the right thing, and second, have the fortitude to continue moving forward even in the face of failure. Those who lack strength of character quit in the face of failure. Those who have strength of character get stronger in the face of failure by learning and adapting for the next opportunity.

How strong is your character?

I leave you with one of my favorite commercials of all-time.

Written By: Robert Kiyosaki

There’s Hope Yet

There’s Hope Yet

I have not put out much content the past few weeks in the form of blog posts or vids, the reason: I’ve been busy working on my business, complaining less about the system(my readers already know how I feel), and spending more time working to use the new rules of money to my advantage by building a business that provides value. -Joshua Gamen

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Last week I shared with you a lot of bad news to prove a point—there’s reason to be angry (“Mad as Hell”). I also shared why being mad wasn’t enough and why you must do more than complain and protest. You must increase your financial IQ by pursuing solid financial education.

A couple weeks back, I also wrote on the Occupy movement, challenging them to start their own businesses and be the change they are calling for in the world rather than just sitting around and protesting (“Are You Occupied?”). I wrote:

In the end, the world isn’t changed by people who complain. It’s changed by people who do. Don’t like the way corporate America and Wall Street operate? Be part of changing the way America does business by being an entrepreneur who starts a company to not only make money but also make the world a better place, starting companies like TOMS, for instance.

This week, there’s still no shortage of bad news. It seems that Congress can’t win—even when cheating. The Super Congress, it appears, will fail to reach any consensus on federal deficit reduction. This means the government now has 12 months to fix the problem, a problem the Super Congress couldn’t fix with bent rules. There’s already talk that this might lead to another downgrade.

Also, the euro is in deep trouble as the growing debt crisis in Europe threatens to topple the currency and the world’s economy with it. Many now believe that the future of the euro rests in the European Central Bank’s (ECB) ability to print money. If that fails, or the ECB chooses not to create massive debt, the currency will fall, sending shockwaves throughout the world.

But amid all this, there is good news this week too in the form of an opinion piece written in The New York Times, entitled, Generation Sell.

The article focuses on the youngest generation that is coming of age, the millennial generation, born in the late 1970’s through the mid-1990’s. The generation is the biggest since the baby boomers, estimated from 70 to 80 million—and apparently the most entrepreneurial generation ever.

According to the article:

Today’s ideal social form is not the commune or the movement or even the individual creator as such; it’s the small business. Every artistic or moral aspiration—music, food, good works, what have you—is expressed in those terms.

Call it Generation Sell.

Bands are still bands, but now they’re little businesses, as well: self-produced, self-published, self-managed. When I hear from young people who want to get off the careerist treadmill and do something meaningful, they talk, most often, about opening a restaurant. Nonprofits are still hip, but students don’t dream about joining one, they dream about starting one. In any case, what’s really hip is social entrepreneurship—companies that try to make money responsibly, then give it all away.

While there is unfortunately a hint of distaste in the voice of the article’s author regarding this trend, I find this to be an extremely positive and important article. Why? Because if this trend is true and continues, the world will be a better place.

While the disaffected youth who make up the Occupy movement get all the press, they make up a very small percentage of the upcoming generation. General numbers for the protests are in the tens of thousands (though these numbers are often disputed as overblown), this compared to a upcoming generation that numbers close to 100 million.

Quietly in the background, with no real fanfare, millions of other young people are doing exactly what I’ve advised. Increasing their financial education, desiring to be entrepreneurs to make the world a better place, and starting businesses that drive our economy and allow them to not only do things they are passionate about—but do so with true influence.

That is the power of entrepreneurship.

I invite you to stop protesting with words and to start protesting with action. Increase your financial IQ, discover your passion, and start a business to make the world a better place. What have you got to lose?

Written by: Robert Kiyosaki

Economic Update: Information – Taxes – Gold n Silver

This week we are talking about information, and how it effects you if you are a trader or a cash flow investor. We’ll talk a bit more about employment. Also on the agenda is the tax code and why it is set up the way it is. Of course I’m going to rant about gold and silver. And then I’ll let you know what I see this weekend in the BCS 

 

What happened to our money, to our country?!

By: Joshua Gayman

The reason Occupy Wall Street is happening right now is because there is a huge movement of young people who want to reclaim this country from corporate interests. These protesters feel that our political system has been hijacked by Wall Street and their corporations. Not only that, but they feel that our elected officials now serve the interests of the wealthy upper 1%, instead of “the 99 percent.”

I’m gonna write..Dang it!!! I’m gonna write…

It’s not that I can’t do, but that I can reach more people online than I can on the street. Also, I can capture attention. Why protest when I can speak more clearly through my mac sitting in my bedroom. I don’t oppose the Wall Street crashers. They are frustrated. They feel that the system has hijacked the way of life their parents had and that they planed to continue, and they are right.

The solution is that we need to reclaim our own money. If America acts now, we still have the financial and political power globally to reclaim our position. China will fight us hard, but we really need not compete directly. We don’t have to buy Chinese. If we open back up the factories we can put millions back to work and produce value back into our society. My God, can you imagine what stuff we would have cooking right now if everyone was working hard to better society? We are geniuses. I don’t really know why, but for some reason us Americans kick ass. In all actuality, I don’t think we have anything that any people don’t have. It’s just the timing and in my honest to God opinion, it’s God’s plan for this time.

So how did we really get where we are now? The world has turned upside down in the past 3 years!!

Well..Life happens. The only thing constant in this world aside from God’s love is change. Because of this thing called time, everything constantly evolves.

So what happened?

1700’s – USA is founded. We say F U to Britain because we do not want to use their currency and pay their taxes anymore. We draft a constitution that we will never let another entity print our currency and we will never have an income tax. We kick their butt and start our own country on free market using gold to back our currency. As an interesting sidenote..The South made their own currency during the Civil War, but with no gold backing it inflated to zero value..

We go from Wild West to Industrial Revolution. Life is changing rapidly with new mechanics. Lots of production is created, in fact, it is exponentially created because of leverage and tools.

Let’s face it..The media is about as honest with us as a politician. So when you think about it, how do you really know what you learned in school was even truth? I know I hear you already, “Oh here we go, another conspiracy article..” NO – Listen to this: John D. Rockefeller founded the US Board of Education in 1903. What did  that guy want with the school system? And since he did buy it..Why didn’t he add education on money into the school system? Why do we still have a school system that is hundreds of years old and was created to manufacture military? Now here is my point, we have no idea if the things we read in our history books are true. History is not math, gramar, or science. History is one of the biggest tools used for manipulation and deception.

Moving on…

10 years later, John D Rockefeller, along with other ultra rich men such as JP Morgan, and Paul Warburg, founded a company and called it the Federal Reserve. This company would issue currency to countries. The trade off that they could offer to the Congress was that if they printed the money, they could give it to the government. Scandals in the Congress are nothing new, and the Federal Reserve Act passed.

Time for an income tax!!

The income tax was supposed to be to fund WWI, but we still pay it today, 100 years later…

20’s…HUGE recession, but it was removed from Rockefeller’s history curriculum in our education system that he hijacked.

GREAT DEPRESSION: Debt from WWI is too much to pay. we need more currency. The government confiscates gold and then raises the dollar-associated value to it by over 50%, hijacking over 50% of the real money in circulation and jeopardizing our whole system.

WWII – America wins. Bretton Woods Act is passed, making the United States’ currency known as the Dollar, the Reserve Currency of the World. Oil is now traded in dollars, making it so that other countries must exchange their currency for dollars and then purchase oil. This causes the value of the dollar to increase drastically and therefore makes it easier for the United States to get credit from foreign investors who are eager to invest in the luxurious American economy. After all, their debt is backed by the good faith of their tax payers.. Remember too, the Congress can now go the Federal Reserve whenever they want, increase their “debt ceiling,” and borrow more money.

America rocks like rock stars for 27 years, get involved in some turmoil overseas, increased the debt more. Then Nixon said let’s have a REALLY big money supply, since everyone in the world treats our dollar like gold! He totally cuts the link between the Dollar and gold. Expanding the money supply to infinity.

A few years later, the “Employee Retirement Income Security Act” is passed, making it so that the tax payers are responsibly for their own retirement, and the burden is lifted from corporations. Birth is given to the IRA and 401K. This makes it so that retirement money flows to Wall Street and they can operate the money as a ponzi scheme, with money from new investors paying out the old people as they retire. *Another sidenote:  Social Security(Which was enacted during the great depression), also operates as a ponzi scheme, with the money flowing into the system from young workers’ paychecks and out to the retired older folks. The money retirees paid into the system has been spent.

For nearly 40 years, we lived out of our minds!!! There were recessions and expansions, but the reality is that no matter what, we could always get more money because we had a credit card with no credit limit. The credit card company was the rest of the world buying our debt, and the Federal Reserve company selling it.

Our economy boomed and we just kept continuing to kick ass. We got fat, lazy, and greedy, but we stayed smart. We powered through at the front of the line with our advances in technology, especially with computers and the internet. We created several huge bubbles with the stock market, precious metals, dot com, and real estate, but we never thought about the larger bubble that was emerging around all of the other bubbles. The credit balance that we had…The biggest bubble of all, debt!

In all reality each bubble helped us. Because off of each bubble, we could sell more debt, increasing our limit. The last one we benefited from was real estate. When we all could buy a house or re-finance one and get a rediculous amount of money for, with nothing down but a signature. How bitchin is that!? You could make $30,000 a year, live in a $300,000 house, drive a $30,000 car and have mad toys. All you had to do was refinance your house when you needed more money to cover your bills.

Then it popped. It popped because people could not afford the minimum debt payments on their mortgage payments anymore. Even with interest only loans and low interest short term adjustable loans, the mimimum monthly debt was just too much. The world quickly realized that the actual real estate was never truly worth what we sold the debt for. Values plummeted, but so did families losing their homes.

The government tried to keep the bubble going(and still is) by lowering interest rates, again and again and again. The Federal Reserve is happy to do so because it preserves the system of debt. If we stop selling our debt, they cannot continue to gain power over us for our indebtedness. Also, with all of the other countries attached to our debt system, known as the dollar, it keeps it easier for them to have a leash on the entire planet.

With mortgage payments stopping, lending stopped. Now, even with super low interest rates, the people are simply not allowed to take on anymore debt, unless they still have some collateral left that they are willing to put up, and most don’t..

With a country that’s whole currency system operating on debt, not getting any more loans, the economy dried up.

2007 – The banks failed because nobody could afford their loans. They sold a product that was risky, and they lost. The collateral from the loans was not sufficient to cover the exposure they had. Congress decided that if the banks failed, lending would stop, people could run to the banks to withdraw their money, and the economy would die, so they took on more debt from the federal reserve, pinning the tax on the US taxpayers back still(but now getting exponentially larger) and marched on with the debt system, even tho it was by all means bankrupt. They gave it to the banks, “to lend to the people.”

The banks didn’t loan shit to the people. The rest of the world gets mad(particularly China), because we are now exponentially increasing our money supply, and thus devaluing our debt to them.

With no buyers left outside of our country to buy our debt, and no assets to pledge them, the company knows as the Federal Reserve decides that they will just buy our debt themselves. This keeps the cash flowing into the United States, and stays off a collapse for the short term. The money supply keeps exponentially increasing, as prices rise on exports to combat the artificial expansion of our money supply.This is what is known as “quantitative easing.”

Meanwhile, people keeping losing their houses, their jobs, their businesses. Everyone keeps waiting for life to go back to normal. But it doesn’t happen…

The stock market goes up and down, but it doesn’t have any effect on anyone. The people that have money seem to keep getting bigger. But everyone you know is broke and jobless. People hear what the banks did with the money that they were given that was supposed to be for lending. They hear about the bonuses to all of the CEO’s that took their house.

Student loans never stop, but everyone is starting to figure out that the debt created by going to school is huge and they aren’t making nearly enough to make it manageable, if they are making anything at all.

Let’s face it…The debt system is broken. We still have some HUGE values that we contribute to the world. I like all of our professional sports, Google, Aaple, Nike, I could name many many more. But, we don’t have anything left to pledge as collateral to keep receiving debt to live on. We already pledged it up….

Present Day:

We go to Wall Street. We protest about the greed and corruption. We don’t go the the corporation the Federal Reserve who created the system, instead we go to the investors on Wall Street who’s job is to keep money flowing into the market to satisfy the system and pay our people’s retirement’s through pensions. Without Wall Street, many retirees would lose their retirement. Retirees like teachers, firemen, and police officers.

We need to take back over our systems. It’s sad to say, our currency is falling to zero like a slowly bleeding cow. And there is nothing anyone can do to stop the bleeding. We try to stop it with band aids such as expanding the money. But expanding the money without expanding the demand for the debt can’t create real value. So the dollar will die.

Value is coming back. Value is king. If you have a trade, great. If you don’t, learn one. What do you love? How can you do that so as to benefit society? If we can get back to creating real value, they’ll keep buying our debt. But we should not let Congress give away our value to the Federal Reserve. We can sell our debt directly if we are going to sell it at all.

What will happen next?

I don’t know.

I suspect that to preserve the system of debt, the central banks will create a globally currency. The world will buy into it because they won’t have a choice. The debt bubble in Europe popped too. Asia is next. The Chinese have been devaluing their currency to try and combat the inflation of the Dollar. The global currency will be digital, as in all actuality the Dollar is now digital itself. I don’t know which part of the world will receive the biggest inflow of the global currency, but I suspect that it will be the gographic location which produces the most value. Competition is inevitable.

No matter what, we aren’t here for a long time, we’re here for a good time…

Peace and love,

1.

From Tom Wheelwright: The Power of Systems in your wealth strategy

I’m constantly asked how to use leverage in different ways in a wealth strategy – and I’m glad people are asking because leverage plays a huge role in every successful wealth strategy.

Leverage is simply doing more with less.

Here are 3 of my favorite forms of leverage.

#1: Systems
I think systems are one of the most important and powerful features of a wealth strategy.

Systems are simply the process or procedures to complete specific tasks. Systems provide the detail of the who, what, when, where and how something will be done.

Think about a franchise. One of the greatest values a franchise offers is its systems. The systems provide all the details about how to market, sell, fulfill and everything else involved in operating that franchise. A franchisee simply has to follow the systems.

Let’s say you invest in rental real estate. You should have systems for:

– Identifying the property to buy
– Purchasing / financing the property
– Renting the property
– Maintaining the property
– Reviewing the performance of the property

Systems don’t have to be complicated. They just need to document what needs to be done in a clear manner. Systems can be as simple as a checklist.

If you are just starting your wealth strategy, you may wonder why you need systems if you are doing everything.

Here’s 2 reasons why you need systems:

Reason #1
Your systems are the place to document the specific details of what needs to be done. They are also the place to document your best practices – your trade secrets. As you learn better ways to do things, document that in your systems.

Your systems enable you to leverage your time by making you more efficient while still getting the results you desire.

Reason #2
Many people start off doing everything themselves, but they usually have a goal to grow their wealth and hire others do the work. If you want to do this successfully, systems are imperative. Systems communicate your specific expectations without you having to be there.

Many people have wealth strategies that never reach their full potential because they are not able to give up control.

With systems, you don’t have to give up control. You’re giving up the specific tasks, but you are still in control. You control the systems.

When your systems are created, used and monitored properly, they will tell you when things are working and when they aren’t working. This allows you to focus your attention where it is most needed – this is a huge form of leverage in a wealth strategy.

#2: Your Wealth Team
Systems definitely take time to create. You don’t have do it all yourself though. This is where your wealth team comes in to play.

One of the best examples of leverage in a wealth strategy, and also one of my favorites, is a wealth team.

A wealth team is a group of advisors, coaches, mentors, employees, vendors and other contacts who assist you in building your wealth.

With a wealth team, you can leverage your time by hiring advisors, coaches, mentors, employees and/or vendors. But the leverage doesn’t stop there. This is just the beginning. You can also leverage your wealth team’s contacts, their resources, their knowledge – the list goes on and on.

Use your wealth team to help you create your systems. Leverage their resources and expertise to add value to your systems.

Once you’ve created your systems, share them with your team members so they can be part of the systems and contribute to the success of your wealth strategy.

#3: Software
Software is a wonderful form of leverage. Software allows us to do more with less every day.

Software can be an integral part of effective systems. When used properly, software can streamline many tasks while providing better information and results.

Software can be the driving force behind the systems. It can notify the who about the what, when, where and how. And, it can provide real time reports about how the systems are working. These reports are what help you stay in control.

How do you know what software to use?
Leverage your team’s knowledge – ask them what software you should be using. And, if you truly want to leverage your software with your systems, have a team member who is committed to integrating the two.

Using Leverage in Your Wealth Strategy
Think about how you use these 3 forms of leverage in your wealth strategy and identify ways that you can leverage them even more.

Focus on your wealth!

Tom Wheelwright
Founder & CEO