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Finished “How To Get Rich” (By: Felix Dennis)

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How To Get Rich - Felix DennisWell, since there was not real easy way to listen to Felix Dennis’ book, I had to manually read it. It’s not too bad of a read. I finished it in about a week. I really NEVER read and that’s the honest truth. However, I felt that this book has some information in it that I thought I would need in order to move forward. Sure enough, it did. There was one point where I read something that put me in shock! I was actually trembling, and got really cold. He refers to it as 1500 words. If I remember it correctly, it starts at around page 250. It was quite eerie, but very very very powerful at the same time. Either way, it was a great read.

On the other hand, I’m sort of burning out from working so hard, but I’m sure it will all pay off eventually. I looked at the sky and noticed it looked pretty (see the image). Other than that, working on quite a few different endeavors that so far, seem to be working. Anyway, this was just a quick note, nothing large. Enjoy!

Beautiful Sky

WOW! Relationship Stress Was Really Doing A Number On Me…

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Well, over the course of the last month I’ve been having female issues (I’m a male). Yes, relationships definitely affect the stress levels of people, which (for me) ultimately affects UC issues.

Ever since I’ve been having these issues from a little over a month ago to now, I went from being in really great “UC Shape” to really bad shape. So much so, that I started having tummy issues that were so bad, they were canceling out my appetite. There was about a 48-hour stretch in which I only had 2 small burgers. I know burgers are not the healthiest choice, but the aim was comfort food.

Either way, the really bad tummy issues started about a week ago and have somewhat subsided for now. It took about 6 days to start to feel a little bit better. I also took a day off from work because I felt like such garbage. I just wanted to roll over and die. I had what felt like a HUGE air bubble in my stomach that just wouldn’t go away. I kept trying to burp it out, but it just wasn’t working all that well. Anyway, I fell a bit better and have a busy weekend this weekend… Work / Soccer Friday… A birthday thing for a friend Saturday… Sunday… Well, who knows… Hopefully this issue doesn’t kill me this weekend. :)

Anyway, getting back to the relationship stress. My significant other (female) and I (male) have been having quite a few major issues lately over a few things. So much so, that we were just about to truly end it, for good.

For me, I’ve never really been great at relationships. It is SOOOOO EASY for me to be your best friend, but when in a relationship, it’s just weird for me. I’ve been striving for perfection (probably too hard), but I just want to be with the “right one” for good. Thus, when it comes to a significant other, I feel like I only have one shot at it, and as such, it HAS to be perfect. I don’t want to become another statistic by getting divorced.

In just about everything else (including family) in my life, I just let is slide off my back. If I had no money, place to live, or anything like that, I would be fine because you can always get that back. You can’t really get a relationship back. I’ve taken HUGE financial losses before and just kept going like it was no big deal (and I’m not THAT “well off”). My main issue is relationships. HAHAhaha!!! It’s just funny to me.

Thus, my assumption is that this mentality causes the severe stress when (in a relationship) something doesn’t work out perfectly or happen the way I expected. Either way, I understand that no matter what, you have to “roll with the punches”, so we’ll see what happens.

Bottom line:

  • CAUSE: Relationship Stress
  • EFFECT: Pretty “Rough” UC Issues

Another Book Done…

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Well… I’ve finished another book… This one (The Top 10 Distinctions Between Millionaires and the Middle Class [By: Keith Cameron Smith]) was pretty good. It’s short enough to finish relatively quickly. Personally, I feel like I can’t really stand reading, but when the information seems to be something that I’m interested in, it really doesn’t “feel” like reading. Anyway, I usually lean toward the audio book versions of most books anyway. This way, I can do something else (walking, etc.) while “reading” the book. It seems much more efficient, at least to me it does.

On another subject, my Net Worth has taken a huge hit. It turns out, I was entering certain information on Yodlee.com incorrectly. It was about a $2000 – $3000 discrepancy. Either way, I’m still in the RED. Hopefully, my tax refund will make up for it. We’ll see though.

Anyway, here’s another look at an updated Net Worth chart (Yodlee.com)…

Ag's Net Worth 03-17-2011

Ag's Net Worth 03-17-2011

And here’s the last 12 months…

Ag's Net Worth 03-17-2011 (Last 12 Months)

Ag's Net Worth 03-17-2011 (Last 12 Months)

If you look, you’ll see that there are a few changes. The gauge for the assets (in blue), now displays $80,000. This is a significant improvement from the graph from 07-28-2010 where it displayed $60,000. Exciting stuff!

Poor People Have Big TVs, Rich People Have Big Libraries

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I came across this just now and wanted to post it on here. Once again it brings the power of your thinking to the forefront.

_________________________________________________________________________

Have you made up your mind that you are ready to move into the field where the big earners play? You’re tired of low-income wages. You’re tired of barely getting by. You’re sick to the teeth of scrimping and never having enough. You are desperate for things to not just be better, but to be really great!

If that describes you, there are some questions you will need to face squarely and answer honestly.

1. If you want to become a millionaire (that’s fairly wealthy, wouldn’t you say), how do millionaires act?
2. If you want to become a big earner, how do big earners think?
3. If you want to be rich, what is it that differentiates the rich from the poor? Most people answer these questions something like this:

  1. Millionaires live in big houses and buy luxury cars.
  2. Big earners think about how much money they have to spend and where they’re going on their next cruise.
  3. Rich are different from poor because they have more money.

Wrong, wrong and wrong!

You Will Never Join the Rich if You Never Know the Rich

Let’s take this questioning a step further. If you wanted to be a corporate executive, wouldn’t you need to know what corporate executives do and what it is that works best for them? If you wanted to be a sky diver, wouldn’t it be in your best interest to find out what successful sky divers do and what works for them? If you wanted to ski double-black diamond slopes, will you just head for the slopes one day and jump in with the veterans? Am I making my point?

If you want to be wealthy (rich) doesn’t it stand to reason that you would learn how wealthy people think? And learn how they are different? To believe you become truly wealthy just because you gain a ton money; is similar to thinking you are an expert sky diver just because you know how to strap on a parachute. There’s so much more to it!

This article is much too confined to do justice to such as study as this, but let’s make a brief, general overview. Hopefully it will create a desire in you to learn more. Just for clarification: we are referring to the rich as those who are wealthy inwardly as well as outwardly. If they lost everything tomorrow, they would have the wherewithal to build it all over again, because it isn’t the money, but their mindset.

Let’s begin by taking the cue from our title: Wealthy people invest in self-improvement of mind and spirit. Poor people invest in things like big-screen TVs.See how it works? Here are a few more.

  • Wealthy people are willing to take calculated risks. Poor people want a guarantee (i.e. steady paycheck). They feel that the whole world is out to get them.
  • Wealthy people step out of the pack; they are not afraid to work independently. Poor people have a herd mentality; they watch a lot of TV and let the world do their thinking for them.
  • Wealthy people are solutions-minded; problems are just an annoying bump in the road. Poor people crash at the first sign of a problem – they were sure it wouldn’t work all along. The problem proved them right!
  • Wealthy people are big thinkers; they aren’t afraid of a few extra zeroes in their income level. Poor people think small – after all, it’s safer that way.
  • Wealthy people make quick decisions; they are always moving forward. Poor people procrastinate, and then procrastinate some more. They are waiting for the “just right” time to get onto that road to success. If these concepts and this way of looking at life are new to you, it’s time for you to get busy! Stop wasting time. As business philosopher Jim Rohn says: “We all have two choices: We can make a living or we can design a life.”

It’s pretty obvious that wealthy, successful people have chosen the latter. Which will you choose?

_________________________________________________________________________

By: Rob Walcher (From: Here)

More Books “Read”…

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Just to add to the list of books I’ve read:

How To Argue And Win Every Time
By: Gerry Spence

How To Win Friends & Influence People
By: Dale Carnegie

Emotional Intelligence
By: Daniel Goleman, Ph.D.

Whoa! Millionaire Statistics…

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Whoa!

So I was listening to a set of audiobooks (Dave Ramsey – Financial Peace University [don't worry I'm not going to say go out and buy it... If you're interested, you can probably get it at a local library or borrow it from someone else]) and toward the end of one of them, he says something to the effect of “the average millionaire reads a non-fiction book or two a month…” (after further research, it seems that they read even more than that). I was floored. I thought I was the only one who made virtually daily trips to the library to LEARN, LEARN, LEARN… There are also a TON of millionaire statistics in the book “The Millionaire Next Door” (by: Thomas J. Stanley, Ph.D.) and “The Millionaire Mind” (by: Thomas J. Stanley, Ph.D.).

Other thought processes of Millionaires. ;)

7 Core Beliefs of Millionaires:

1. Millionaires Believe in Having Balance in their Lives: Millionaires do first things first. They ask themselves, “What is the most important thing that I can be doing right now?”

2. Millionaires Know They Can’t Make it on Their Own: Millionaires leverage the power of the mastermind group. Millionaires surround themselves with other like-minded people to help them achieve far more than they could have done on their own or thought possible.

3. Millionaires Believe They Have No limitations: Millionaires don’t believe that the sky is the limit; that would be silly to believe such a thing. Millionaires believe there are no limits. The only limitations we have are the ones we put on ourselves. Millionaires also understand that all roadblocks to success are mental roadblocks. All problems and solutions rest within our own minds.

4. Millionaires Believe They are the Makers of Their Own Destiny: Millionaires choose to live and run their own lives. They do this by not letting setbacks and unwelcomed circumstances hold them back. Millionaires have a winner’s way of thinking; they go forward with the attitude that “Failure is not an option”. Robert G. Allen has referenced himself many times asking, “Could I do it if a loved one depended on me accomplishing this task or goal?” and you’ll find that the answer is always a resounding YES.

5. Millionaires Believe in Giving: Millionaires believe in the law of abundance. Millionaires know that there will always be plenty to go around. They also know that as they give, the universe will give back to them in greater abundance. Millionaires believe the more they give of their time, talents, knowledge, and wealth, the universe will give back exponentially to what is given.

6. Millionaires Believe That at the Root of Every Problem is a Seed of Opportunity: Millionaires believe they can turn any negative situation to a positive situation. Whether it’s personal, family, or financial; they see problems as an opportunity of improvement.

7. Millionaires Believe in Education: Millionaires don’t believe in having solely college education, they believe also in self-education. The average person reads less than one book per year; the average millionaire reads two books per week. I’m not talking about books such as Harry Potter either, rather, books such as Think and Grow Rich and 7 Habits of Highly Successful People. Millionaires become successful through their reading habits.

ENJOY!

Yes, The Holidays Can Definitely Be Frightful…

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Well, this year the holidays, like so many others before it, have been filled with more mystery foods. A lot of sweets, egg nog, chocolate milks, creams, etc. The only issue (as always) is having the will power to say “NO” to them. You can resist them or end up spending a lot of time in the bathroom. I will say that I sometimes have some of the aforementioned foods (ALWAYS IN MODERATION), but it does catch up to me. The good news is that it doesn’t cause nearly as many issues as it used to. This year I had a few things that I probably shouldn’t have, but if you’re not constantly testing things out you’ll never know if you’re over them or not. I’m the type of person that tries and tries and tries and tries and tries and tries. Then when I feel that I have tried everything out, I go ahead and try again. Seems redundant to some, but I’m “hard-headed.”

Things are still going well for me. I haven’t really had any issues in a while. I have really been pushing the limits of the envelope lately though. I had a bunch of Muenster cheese and some chocolate milk yesterday. So far, it has affected me, but not too much. Other than that, there’s not really a whole lot to report. I actually haven’t been keeping up with my pills and there’s not much of a difference with or without them. ;) I know… I should be following the doctor’s orders, but for now it’s not too big of an issue. I hope all is well with all of you, and HAPPY NEW YEAR!

Happy New Year!

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Happy New Year To All! I hope everyone’s 2010 went well even with all of the peaks and troughs. Well, it has definitely been an interesting 2010 for me. So far so good, though. I can’t really complain. I still have two arms, two legs, and I’m still breathing.

Anyway, I’m just putting in an image just below for the year end Net Worth. Enjoy! Although it does look just like the one in the last post.

Ag's Net Worth 2010

Ag's Net Worth 2010

Happy Holidays… (Happy Holidays)… Happy Holidays… (Happy Holidays)…

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So, it’s that time of year again. For me, it’s snowy, icy, and cold. We’re expecting 2-4 inches tonight, then frozen drizzle tomorrow morning. The good news is that I checked back over the course of the last couple of months and am quite surprised. It turns out that my NET WORTH has been increasing by about $5,000.00 a month. So yes, since May, my NET WORTH has increased by over $30,000. Most would ask… “So what was it that you did…?” Well, the only problem with that cliche of a question is that it’s always wrong. When people all of sudden have a “turn-around” like that, everyone on the outside acts as though it was ONE THING that was done to actually complete the “turn-around”. Well, the fact of the matter is that there were so many things that I did in order for the “turn-around” to occur, that I couldn’t list them all even if I tried. It always seems like magic or luck to an outsider who doesn’t see the big picture.

Here’s just a generic start: I increased the efficiency of ABSOLUTELY EVERYTHING that I possibly could… Actually, if you want to break it down into one thing, that’s probably the one thing that I did (as generic as it might sound). All of sudden it’s not so magical or lucky anymore is it…? Either way, look at my progress below (Yodlee.com)… Enjoy…

Ag's Net Worth 12-20-2010

Ag's Net Worth 12-20-2010

And the Year-To-Date…

Ag's Net Worth YTD 12-22-2010

Ag's Net Worth YTD 12-22-2010

Improvement On Many Fronts

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I have been doing some more thinking lately and came to a few conclusions.

  1. I just came to this one today (hard to believe), but I’m completely pulling out of Lending Club. It really hasn’t done much for me. On the surface level it is an excellent idea. The implementation, however, doesn’t seem conducive to investors. They don’t seem to give you solid statistics. They seem to give you surface statistics. Rather than continuing to change and evolve, it seems they are content with the status quo. The interface is nice, but there are quite a few changes that could be made that would enrich the ENTIRE experience. I haven’t done all of the calculations, but I feel that I have taken a loss. With all of the time that I have invested in finding out how it works and testing it out, it doesn’t seem to be worth my time. After all is said and done, I must admit though, this was NOT my worst investment ever, at least I was able to get just about all of my money back out. Thus, the improvement on this front is the fact that I took a look at it and tested it out and found out that it’s not for me. The returns are not large nor steady enough (especially on top of having to pay short-term capital gains on it).
  2. I changed my Vanguard Roth IRA holdings from the original STAR Fund to a REIT (VGSIX). I believe this is where “it” will be, for now.
  3. My T. Rowe Price Roth IRA REIT is also up (minimally, but it’s up).
  4. My financial situation as a whole has been turning around significantly.
  5. My company now has a different direction.

Anyway, here’s another look at an updated Net Worth chart (Yodlee.com)…

Ag's Net Worth 10-21-2010

Ag's Net Worth 10-21-2010

And the Year-To-Date…

Ag's Net Worth 10-21-2010 YTD

Ag's Net Worth 10-21-2010 YTD

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