Ron White's Ezine
November 12, 2008
Issue 81
Welcome!
A few weeks ago I spoke in Edmonton, Alberta, Canada, to a group of 223 people excited about learning at an investment conference. Before I spoke, I walked around the group and introduced myself to each person. Then at 3:00 p.m. it was my turn to speak. I walked up on the stage and asked all 223 attendees to stand and instructed each to have a seat when I pointed to them and called their name.
Five minutes later 221 people were sitting. I missed only 2 names and received a very rare standing ovation. I then spent the rest of my time sharing with the group how ANYONE could do this and how this skill will explode any business through building relationships and earning referrals.
Now here is the CRAZY thing.....my product Memory in a Month teaches you how to do this. It is 6 CDs and a workbook and is currently available for only $79. That is not CRAZY you say? Oh...yes it is...because many of you have been subscribed to my ezine for months, if not years, and do NOT own this product. Folks for $79....yes SEVENTY NINE DOLLARS, you can have this remarkable skill....
So use the link below and start building relationships that last a lifetime!
http://Memory.YourSuccessStore.com
Go for More this Week!
Ron White
PS - Today's issue is going out to more than 92,068 weekly subscribers. If you enjoy this week's edition and find it to be valuable, then if you would do me the favor of forwarding it to your friends, family and associates, it would be very much appreciated. If they would like to subscribe, have them send an email to: ronwhite@yoursuccessstore.com
In This Issue.....
1. Mentally Tough by Ron White
2. Quotes of the Week
3. Finding Your Magic Investing Formula by Robert Kiyosaki
4. Real estate and investing? In this economy? YES!
5. More Information
1. Mentally Tough by Ron White
One of the least talked about factors of success is being mentally tough. Mental toughness will allow you to endure adversity, hardship, setbacks and ultimately achieve success.
The next question is – What does it mean to be mentally tough?
• It means when trouble and heartaches head your way – you are not permanently knocked off the bicycle of life.
• It means when your plan is not going exactly the way you planned – you press on.
• It means when others criticize you – you refuse to allow someone else to dictate your thoughts or direction.
• It means you know who you are.
• It means you accept 100% responsibility for every action you have ever committed.
Now, if being mentally tough is so crucial to success – how do you become mentally tough?
Some of the most mentally tough people I have ever known are ones that I have served next to in the military. They are mentally tough because the military forces, and I mean forces you, to adopt three behaviors. In the military you will never be allowed to blame someone else, you will be required to be physically fit and you will be given daily goals and you will accomplish them!
1. The first key to being mentally tough is refusing to be a victim and accepting 100% responsibility for your actions. It is not your parents' fault, your boss's fault, the fault of the government or someone you knew when you were a teenager. How in the world can you be mentally tough when you blame others for your lot in life? It is empowering to accept responsibility for your fate.
When you consciously or subconsciously blame another (government, economy, family, etc.) for the outcome of your life, you are significantly reducing the chances of a happy life. This is true because you have given someone else the power to control your thoughts and actions.
2. Next, become mentally tough by becoming physically tough. Yes, there is a confidence that you will have when your muscles are toned and a walk on the beach does not exhaust you. Now, when I am 85 years old, do I expect to bench 225 pounds and run 4 miles a day? Absolutely not! However, I do expect myself to put forth the maximum effort all the time so when I am 35, 45, 55 or 85 I am in the best possible shape for a 35-, 45-, 55- or 85-year-old.
The confidence that comes from being fit is one that can't be found anywhere else. Watch what you eat and exercise. It is crucial in being mentally tough.
3. Set goals and then accomplish them! How many times do people make New Years resolutions only to break them by January 20th? This is a much bigger deal than you may think. It is a big deal because subconsciously you are telling your mind, "I can't even keep a New Years resolution!" When you tell yourself this subconsciously, you then begin to lose confidence in yourself and every aspect of your life is affected. When someone compliments you – it makes you feel awkward because deep down you think, "Gee, if they only knew that I can't even keep a New Years resolution."
Conversely, if you set a small goal of reading a book a month and you accomplish it, your self-confidence begins to build. Subconsciously you are telling yourself, “I am valuable – I am worth it – I can hit my goals – I am successful.’ When you see yourself this way, you are well on the way to becoming mentally tough. In military boot camp, you are given a daily goal of folding your underwear in a set pattern and making your bed in a prescribed way. When you accomplish this goal day after day, even though it is so small, it is making a mental deposit into your self-esteem bank account that says you can accomplish goals and are valuable.
Being mentally tough is often the last piece of the puzzle to focus on for success. Yet, I know very few successful people who are not mentally tough. It is easier to get there than you think. Become responsible for your life, stay in shape and set and accomplish your goals. When you do, you will exit your own personal boot camp with a confidence to rival that of a Navy SEAL!
Looking for more financial success? Looking to gain control of your finances, even in today's shaky economy?
Please use this link to find out more:
http://richdad.yoursuccessstore.com
2. Quotes of The Week
FINANCIAL INDEPENDENCE
"A tragic irony of life is that we so often achieve success or financial independence after the chief reason for which we sought it has passed away.’ -- Ellen Glasgow
"Not knowing where your money is going is a huge obstacle in achieving financial independence. The first step toward saving is to set some limits on your spending.’ -- Greg McBride
"Make a decision to be successful right now. Most people never decide to be wealthy and that is why they retire poor." -- Brian Tracy
"Think long-term. Plan and save today for a secure and independent life tomorrow." -- Brian Tracy
3. Finding Your Magic Investing Formula by Robert Kiyosaki
People often ask me, "How do you find great investments?" My standard reply is, "You have to train your brain to see them. Great investments are all around you."
I know that's not a very satisfying answer. Most people want something more specific and concrete. But my reply is as accurate as possible. If we could've seen all the great investments just in the past decade, we'd all be multi-billionaires.
Missing Out on Millions
There have never been more opportunities to become rich than in the last 10 years. And there'll be even more opportunities in the next 10. Let me explain. Like many investors, I didn't see the power of eBay almost a decade ago. If I had, I'd be a billionaire today. Nor did I see the power of YouTube, or Google, or MySpace. Being an old guy, my brain isn't trained to see investing opportunities in cyberspace. So I missed them.
Thirty years ago, when my business career was just starting at Xerox, I was introduced to a new type of computer. I wasn't tuned into computers at the time, so little did I know that I was looking at the early version of what was to become the Macintosh. So I also missed that billion-dollar opportunity, too. How many billion-dollar opportunities have I missed? Maybe millions.
If I've missed so many million- and billion-dollar opportunities, why am I writing articles and speaking worldwide about financial independence? That's a valid question, and the answer has to do with helping you find great investments.
Perseverance Pays Off
I took my first real estate investment course in 1974 in Honolulu. The cost was $385, and I believe it was two or three days long. Toward the end of the class, the instructor said something I've never forgotten: "Now you know the difference between good real estate investments and bad real estate investments. Now you all know what to look for."
He paused and then added, "The problem is, most people will tell you such investments don't exist. Your friends will tell you so, and so will real estate agents." Truer words were never spoken. For the next few months, I went from real estate office to real estate office, looking for investments. As promised, the real estate agents told me what I was looking for didn't exist. My friends and co-workers at Xerox told me the same thing, and said I was either dreaming or smoking funny cigarettes.
Finally, in a small, obscure real estate office in downtown Waikiki, I met a scruffy little broker who said, "I have what you want." The next weekend I was on a plane to Maui, where he'd found an entire condominium development that was in foreclosure.
I purchased my first piece of investment real estate for $18,000, putting the $2,000 down payment on my credit card. The one-bedroom/one-bath condo paid me a positive cash flow, even after all the expenses and mortgage payments. My investment career had begun. More important, I was training my brain to see what most people don't see. That $385 real estate course has made me millions of dollars over the years.
Keep an Open mind
Earlier this year, around tax time, I wrote an article, "Think Rich to Lower Your Taxes." It was about an investment strategy known as the "velocity of money," and how I use it to invest, make a lot of money, and then legally use the tax laws to minimize my own taxes. I suspected it would spark some controversy, and it did.
For a couple of weeks, I kept track of responses. Some of the less-complimentary comments reminded me of what those real estate agents and my friends at Xerox said to me back in 1974.
You see, our brains are either our greatest assets or our greatest liabilities. As I said, when it comes to investment opportunities in technology, my brain is a liability; I just don't get it. When it comes to investment opportunities in real estate, gold, oil, and silver I'm above average, but not great. And that's because I've trained my brain to see opportunities in those areas.
So, instead of criticizing the readers who were close-minded (or even mean-spirited) about my advice, I encourage them to keep an open mind and find their own way of seeing investments most people miss. That's how you get rich. People who refuse to open their minds to new strategies seldom become rich -- which I guess is why there are more critics in the world than rich people.
Finding Your Magic Formula
One of the most important things my rich dad taught me was to never say, "I can't do it" or "I can't afford it." Those thoughts are self-limiting, and it's hard to find great investments when you're basing your behavior on limitations. In today's world, there are more investing opportunities than ever before. Why would anyone want limited financial results in an unlimited world?
One of the reasons I write about financial independence is so I can put forth ideas that challenge the way people think about investing. If you want the same old financial-planning dogma of "work hard, save money, live below your means, get out of debt, and invest in a well-diversified portfolio of mutual funds," then my philosophies are obviously not for you.
My job is to stimulate your thinking, inform you about why rich people get richer, and encourage you to find the magic financial formula that works for you. I found mine, and I want you to find yours.
Robert Kiyosaki
Robert Kiyosaki wants you to enjoy financial freedom. Believe it or not, even in today's shaky economy, there's HUGE opportunity financially.
Please use this link to find out more:
http://richdad.yoursuccessstore.com
4. Real estate and investing? In this economy? YES!
Robert Kiyosaki wants you to enjoy financial freedom. And real estate may be one of the keys.
Believe it or not, even in today's shaky economy, there's HUGE opportunity financially.
Please use this link to find out more:
http://richdad.yoursuccessstore.com
5. More Information
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