Wizards of Wealth

It takes broad shoulders and a strong back to support the global economy.

September is notorious for being a difficult month in the US markets. This year is shaping up to be no different.

World markets depend on the continued American consumption of anything and everything. With real estate prices and home equity continuing to fall, and job losses escalating, the social mood is in a funk.

These are historic times.

Lehman Brothers is on shaky territory, and rumors abound about it’s solvency.

Even a swift perusal of Sway is enough to convince the casual reader of the irrational behavior of human nature. Individuals become victims of their own emotions.

What is now becoming more clear is the folly of the collective psyche.

Sir Alan has saddled the civilized world with debt, and now the salvation is more debt?

The major players are hemorrhaging cash, and this Ponzi scheme is rapidly unwinding.

Don’t be fooled, guard your cash and remain vigilant for the opportunities as they materialize.

Time will show us if Ben B is the modern day Heracles or not.

Do you love what you do?

I think that most of the really successful entrepreneurs know how to have fun while developing themselves, their ideas, and their businesses.

There is an old joke about small business owners only having to work half a day, and it doesnt matter which 12 hours they are. If Labor Day means grabbing a day off, great.  If it means rededicating yourself to bringing out your inner financial genius, even better.

I read several books while I was on vacation last week. Robert Shemin’s literary contribution borrows heavily from the likes of Arnold Patent, Wallace Wattles, Robert Kiyosaki, Brian Tracy, and Harv T Eker, so he is in good company. To become wealthy, all we need to do is to implement one good idea, and we never know what will be the catalyst for it. Check him out, he has some valuable insights.

I loved his Wealth Wall; it’s an interesting remastering of the wealth collage that will keep us focused on our goals. 

His best premise: Rich Idiots get that way by having laser-like focus and taking action, while smart people tend to overanalyze opportunities and miss them in an attempt to be “perfect” or reduce risk. They create real estate and business assets that produce income and reduce “bad” liabilites.

In between my rather poor imitation of Michael Phelps while playing in the water at Norton Point, I read another gem by Vince Poscente called the Age of Speed. Results are best achieved by singularity of focus; the hare lost to the tortoise not because of the dynamics of speed but rather because he got distracted.

Being a AAA Jet is the key: Agile, Aerodynamic, and Aligned.

Rather than fearing and complaining about the faster pace of our society, today’s winners largely embrace speed in all their endeavors, giving them more time for life.

Whatever your dreams, whatever your goals, be about it. 

In last week’s article we discussed the need to re-invent ourselves.

We do not mean re-inventing the wheel of course, but rather the dynamics of the wheel; its materials, size, strength, construction, and balance.

We are taking our own advice, so please excuse our site as we are bringing it to the web 2.0 standards. It will help us more easily deliver our original content, while allowing us to create the interactive environment that is needed to provide for the flow of ideas in our community. Thanks for your patience during our reconstruction; we will remain open for your convenience throughout that process.

We acknowledge and embrace the needs of our physical, mental, emotional, spiritual, and social being. We heartily endorse the significance of the family unit and the pleasures that can only be found through those significant relationships.

With that said, the focus and scope of our free site is to help our readers with the financial aspects of their lives.

We have seen too many people lose sight of those other values because of the financial predicament in which they currently find themselves. There is another group of people who previously may never have been exposed to the harsh realities of the shifting economic tides; people unequipped to deal with the loss of financial security.

Our core values remains the same; we need to get our head above water before we can swim. We promote the concept of survival first, attaining a comfortable lifestyle next, and lastly achieving a leisure level whereby we do not have to work any more to meet our financial obligations. Then we are free to choose how we spend our time and money.

Some will choose leisure activities like golf or tennis or swimming. Others sailing, boating, fishing. Some will volunteer and find a way to help those less fortunate. Some will travel and escape to faraway destinations of their dreams. Some will mentor; some will enjoy the pleasures of their garden; and some will enjoy precious time with their family, whether they are aging parents, grandchildren, or spouse and childen.

Wouldn’t it be nice to have the time to do the things you really want to do, without having to worry about money?

If financial freedom is easily within our grasp, why are so many people currently in trouble?

There has never been a time when so much information on any topic is so easy to find. Sifting through too much information in our “brain attic” is part of the problem; actually having the courage and discipline to use it is another.

Please help spread the word, we are building it, and they will come.

Do you remember a childhood game that we used to play called “Mother My I ?”

 As you will recall, we had to ask for “permission” to do something.

“Can I take 3 giant steps forward ?”

“No, but you may take 2 small steps backwards.”

In real life, some of us have been blessed to have a mother who scolded us, disciplined us, and encouraged us to enjoy life and see the beauty and wonder of it all.

And they also loved us unconditionally.

If you have been doubly blessed, you have found a wonderful spouse that has these same qualities, and has given you some children to surround yourself as family.

Talk about true wealth, does it get any better than this?

Happy Mother’s Day to all those deserving women who make this world a better place for all of us.

This young lady probably doesn’t have time to read this, and this young man certainly won’t either, but I bet he had a loving, supportive mother who encouraged him by telling him that “Nothing is impossible if you want it badly enough.”

Go for your dreams while there is still time; with all due respect for Mom, the only person who needs to give you permisson to succeed is yourself.

Trevor Immelman went wire to wire last week, capturing the green jacket and immortalizing himself as a well deserving champion at the most prestigious of golf tournaments, the U.S. Masters.

WIth enormous pressure, he was able to maintain control of his emotions and allowed the other players to “beat themselves”. And all this after battling parasites and tumors over the past year.

Tiger Woods, the benchmark for all the players of course was in the hunt, and finished a respectable second place. Making a few of those missed putts would have added the drama we have come to expect.

Emotional control is necessary if we are going to achieve success in any important endeavor.

Embracing the opportunities to test our courage against formidable opponents is the way we learn to become masters of our destiny.

In the current economic climate, it means finding new ways to generate income, while letting go of the past strategies that are no longer effective.

Just do it.