Are You Sick Of Your Job? It Shows!
Almost everybody, no matter how smart, ambitious, energetic, etc., grows tired of his or her job at some point. Usually, the feeling passes after a while. Sometimes, it lingers. It’s not much fun to work when you lack passion — and in case you are in any doubt, it’s not…
READ MORETwo Ways To Reduce Investment Risks
“The key to long term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system. There are old traders and there are bold traders, but there are very few old, bold traders.” – Ed Seykota (The Market Wizards) The purpose of this…
READ MOREWhat’s Wrong With Nepotism?
The toughest and most important part of building a business is finding great employees. When you take the regular paths — help-wanted ads and interviews — you end up hiring a lot of disappointing people. I recently spent weeks trying to find someone to fill a part-time position. After a…
READ MOREHow To Become Wealthy In Friendship
OK, I admit it. I’m rich. Rich in health. Rich in wealth. And rich in family and friendship. Although I don’t know exactly what friendship is, I have lot of friends. I mean dozens of them. And they aren’t just friendly acquaintances but individuals I know well and care about,…
READ MOREHow Wealthy People Get Wealthier
“If a man has money, it is usually a sign, too, that he knows how to take care of it; don’t imagine his money is easy to get simply because he has plenty of it.” – Edgar Watson Howe (Country Town Sayings, 1911) It’s a common misconception that borrowing money…
READ MOREMust You Be Cutthroat To Succeed In Business?
A young man who is beginning what I hope will be a long and profitable career in business said this to me recently: “But isn’t that the way you HAVE to be in business? Like ruthless and all?” He is climbing up the ladder of success with the grease of…
READ MOREHow Risky Is Real Estate Investing?
“Knowledge is power.” – Francis Bacon (Meditationes Sacrae, 1597) When it comes to earning a second income, I believe in real estate. No other investment I know of has its beneficial balance of capital appreciation, income, and risk management. I explained my ideas last year in a series of messages…
READ MOREPaid Vacations
For the past six years, I’ve had a little sideline job that’s allowed me to relax on Caribbean white-sand beaches, play golf on some of Ireland’s and Scotland’s best links courses, and visit more than 25 countries around the world. Not only do I get to go on these trips…
READ MOREHow Secure Is Your Business? What Are Your Top People Telling You?
In the months that followed September 11, Bush ordered a bunch of undercover audits of airport security. 783 were conducted. The results, according to an article I saw in USA Today, indicated an amazingly high level of incompetence. The president’s investigators were able to carry knives past screeners in 70%…
READ MORETaking The 20-Something Factor into Consideration
Every once in a while, some bright young kid I’m mentoring does something really stupid or really shiftless — something so wrong that it causes me to wonder if I’ve made a mistake committing my time to him. This happened yesterday. PSG temporarily closed a profitable operation so he could…
READ MOREAn Important Rule of Lasting Wealth
One of the most important rules of profitable investing (and profitable business too) is to get out of losing ventures quickly and spend more time and money pursuing your best opportunities. If you can follow the straightforward technique I’ll outline for you here, you’ll never lose another night’s sleep worrying…
READ MOREBusiness 101: When Change is Bad
For as long as I could remember, the direct-mail publishing industry was serviced by a newsletter titled (very smartly) “Who’s Mailing What!” It was written by Denny Hatch, an old pro, and was full of the wise and pithy observations you’d expect from an experienced insider. Recently, it was sold…
READ MORE