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Saturday, May 20, 2006
Message #1734
WEALTHY:
Politics, taxes, and electricity (Michael
Masterson)
HEALTHY:
5 foods that help prevent arthritis
WISE:
Henry Wadsworth Longfellow on criticism
ALSO
IN THIS ISSUE:
Pissing
contests with skunks (Matt Furey)
An
ETR reader jumps on this opportunity (Charlie Byrne)
Add
the word "wag" (the noun, not the verb) to your vocabulary
*
Highly Recommended *
The
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and I expect this stock to at least double in the near term.
In the coming years this stock should easily trade at six
to ten times where it is today. I tell you all about it in The
1000% Report… click
here to learn more about it.
Will
the Tax Code Ever Be Simplified?
By
Michael Masterson
There
is little hope that we will ever see tax reform in the U.S.
That's the view of Robert J. Samuelson, a regular contributor
to Newsweek magazine. In a recent issue, he says
that the two tax simplification plans George Bush commissioned
will never see the light of day, because "people don't
want to surrender the concrete tax breaks of a complex system
for the abstract advantages of a simpler system."
"Politicians
disdain simplicity," he says, "because it deprives
them of the chance to brag about tax breaks that … pay
for college tuition or encourage retirement saving, no matter
how ineffective these are in practice."
The
theory is compelling. But, as Samuelson admits, we did have
genuine tax simplification in 1986. The top tax rate was
reduced from 50 percent to 28 percent, most tax breaks were
eliminated, and the tax base was widened. With more people
paying taxes, there was an overall increase in tax revenue,
even with the rate break.
Since
then, politicians have been snarling things up again. Clinton
raised the cap from 28 percent to 39.5 percent, and then
other wags added about 15,000 complications to that pretty-good
tax program.
How
complicated is today's tax code? Consider this: Last year,
Americans spent $150 billion (on accountants, tax attorneys,
bookkeepers, etc.) to comply with our complicated tax code.
That was $30 billion more than they spent on electricity.
"Doubtless
criticism was originally benignant, pointing out the
beauties of a work rather than its defects. The passions
of men have made it malignant, as a bad heart of Procreates
turned the bed, the symbol of repose, into an instrument
of torture."
- Henry
Wadsworth Longfellow
2
Habits of Highly Ineffective People
By
Matt Furey
Today
I'm going to tell you something you've heard before. But
THIS time, I promise it will be different.
There
are two lousy habits that most people have – and these two
habits take up quite a bit of their schedules these days.
No, I'm not talking about smoking, drinking, or swearing.
I'm
talking about …
1.
Criticizing others
2. Criticizing yourself
As
I said, nothing new in the above. In fact, both of these
are talked about by Dr. Maltz in Zero
Resistance Living. Dr. Maltz talks about
them in a different light, though. He tells you that you
must relax physically and mentally in order to create the
life that you want. Then he tells you that there are four
negative habit patterns that derail you from being able to
relax. The two other negative habit patterns are trying to
keep up with the Joneses and not forgiving yourself or others.
For
now, let's focus on that enormous waste of time and energy
… criticism of self and others.
Perhaps
no one ever explained to you why these two habits turn you
into an ineffective human being.
One
of the reasons is because criticism increases emotional tension
and stress in your mind/body.
Whenever
you criticize yourself or others, a frown comes to your face,
and you unconsciously begin to tense and tighten your muscles.
Internally, your organs respond to the attack, too. Even
when you think your attack is singular in focus – directed
only toward a person you dislike, for example – your body
responds as if you're attacking yourself as well.
Another
reason is that criticism derails you from furthering your
growth as a human being.
Some
people make a living by attacking others. Most people, however,
do not. There's a difference between being paid to dig up
dirt on others and being the type of person who does it for
FREE – and does so at the expense of his own emotional health
and well-being.
Sometimes,
in my e-mails and newsletters, I must give the scoop on others.
That's part of my job. But I don't spend the rest of the
day attacking others – or myself. I do my best to look for
the good in others and what I can learn from them.
For
example, I'm not fan of high-profile actors with political
agendas. I used to frequently criticize and attack most of
them. Not professionally. Not as part of my job. But as a
major part of my day. During my personal time.
Then
one day I began to think differently. I said to myself, "Why
don't you stop criticizing these people and look for what
you can learn from them?" At that point, I started to
take note of their good points – and I found many. Looking
at their good points opened a door for me. It allowed me
to grow by recognizing what they do extraordinarily well.
There
are many people who spend much of their time criticizing
people like Tom Cruise, Angelina Jolie, and Madonna, among
others. I myself am the subject of much criticism on the
Internet – and some years ago, I made the mistake of fighting
back, going on discussion boards and squabbling with those
who attacked me. That did nothing but create even more squabbling.
A
turning point for me was the day a friend said, "Don't
get into a pissing contest with a skunk." The metaphor
struck home … and I stopped going into forums to defend
myself. It's not necessary.
Now,
here's the kicker: Those who have been doing the criticizing
on these forums have NOT improved their lives in the least.
Yet, last time I checked, those named above, myself included,
have continued to grow more successful.
There's
a major lesson to be learned from this.
Criticizing
others may be entertaining – but if you stop to analyze what
you're doing, I think you'll agree that it is a major waste
of your time. It keeps you stuck. It takes your mind off
what you should be doing with your life.
Get
creatively alive. Get involved in doing something good. Eliminate
as much criticism from your life as you can
Do
your best to avoid personal attacks on yourself and others.
Start observing yourself a little more closely. Take note
of when you get sucked into discussions about others that
are nothing more than personal attacks. And when you find
yourself in such a situation, say to yourself, "Wait
a minute. I'm wasting my time. Instead of attacking this
person, I should be making MY life better."
If
you think this way, I'm betting that you'll start coming
up with ways to spend your time that will help propel you
forward.
(Ed.
Note: Matt Furey, along with Rich Schefren and Yanik Silver,
will be revealing the most profitable "hidden" Internet
income opportunities around in ETR's teleconference series, Secrets
of Easy Internet Money. Whether you already
have an online business or are just thinking about starting
one, you'll want to hear what they have to say.)
Today's
Action Plan
Think
about someone who is more successful than you that you criticized
in the past. But this time, instead of criticizing him, ask
yourself, "What can I learn from this person that could
help me live a better life? What is this person doing right
that I can emulate?"
Keep
an open mind … and the answers may surprise you.
*
Highly Recommended *
The
Only Three Ways to Grow a Business
Did
you know that there are only three ways to grow a business?
1. Increase the number of customers.
2. Increase the average transaction value.
3. Increase the frequency of repurchase.
Find a way to maximize each one, and your business will experience
an astounding rate of growth.
In
his "9 Pillars of Business Growth" program, acclaimed
consultant Jay Abraham outlines hundreds of proven, frequently
unrecognized, and almost totally underutilized ways to grow
these three key areas of your business. If you own a business
(or would like to), be
sure to take a look at Jay's program.
- Charlie
Byrne
Worth
Quoting: Michael Masterson on Strengths vs. Weaknesses
…
"Generally
speaking, you will achieve more in business by learning
to do better what you already do well than by correcting
your weaknesses. If you become a successful real estate
broker who is really good at sales presentations but weak
on contracts, don't worry so much about getting better
at contracts. If necessary, hire someone to handle that
part of the business for you. Spend your self-improvement
time advancing from being 'really good' to being 'really
great' at sales presentations. This is not to say you should
ignore your weaknesses. We should all strive to eliminate
those. But you will have more success by attending to your
strengths first."
(Source:
Michael Masterson's new book, Automatic
Wealth for Grads … and Anyone Else Just Starting Out.)
(Ed.
Note: Have you already read Automatic
Wealth for Grads … and Anyone Else Just Starting Out?
Let Michael know how it's helped you. What's the single
most useful piece of advice you discovered in the book?
And how have you used it in your pursuit of wealth and
success? Let him know at MostPowerfulSecret@ETRFeedback.com …
and maybe you'll see your name in print in a future issue
of ETR.)
Selenium:
A Natural Way to Prevent Joint Pain
By
Jon Herring
You
may already know that the antioxidant properties of selenium
can lower your risk of colon cancer and heart disease. But
are you aware that this mineral can also help decrease your
chances of developing osteoarthritis? A study published by
the American College of Rheumatology found that people who
had the highest levels of selenium were 40 percent to 50
percent less likely to have this painful joint condition
that affects over 20 million Americans .
You
can get a boost of selenium from Brazil nuts, couscous, mushrooms,
seafood (including salmon and tuna), and red meat. Most multi-vitamins
have selenium too. Just check the label.
Check
out the National
Institutes of Health website for more information
about this valuable mineral.
ETR
Insider Report: We're on the Move … Update #2
By
Charlie Byrne
Just
a quick note to let you know we're still on schedule to move
back to our newly renovated building just after the Memorial
Day weekend. We'll be posting our new phone numbers and contact
info shortly.
Meanwhile,
funny story …
You
may recall that last Monday we
ran a photo of our still-empty facility. I mentioned
that our business manager, Steve Sayre, is busy working on
the floor plan.
Leave
it to our entrepreneurial ETR readers to jump on an opportunity!
Just
hours after the article ran, Steve received this e-mail
from one of our readers:
Hello
Steve,
I've
just seen the photograph of your newly renovated headquarters
and you mentioned that you are finalizing cubicle layouts.
I have been in the business of manufacturing office furniture,
specifically that used for cubicles, for the last 25 years.
I
have no idea if you have specified a supplier already for
the furniture, but I would truly like to be given the chance
to give you an offer.
While
I live and work in the Philippines, what I make and
sell is acceptable to first-world companies, as evidenced
by several foreign firms we have worked for. I know that
the price difference is at least 50% cheaper without shipping
costs.
I
am hoping you would give me a chance to do this for you,
whether or not you purchase from us, as a way for me to say
thank you for such an informative newsletter your company
sends out daily.
Isabel
Kier
movallinteriors.com
*
Advertisement *
"How
about that," Steve commented. "I can't get furniture
brokers in Boca Raton to return my calls, but we get offers
from the Philippines!"
The Hidden "Achilles Heel" of the Stock Market and
How You Could Make 20% to 980% Gains.
The
stock market is going to blow up- but it won't be from the
terrorists.
It's going to be men in three piece suits who bring it down.
Already, a key benchmark is down 30%- but your broker's not
going to tell you about it!
Unwary
investors will watch helplessly as the Dow and big-name stocks
tumble. We'll name 8 of these "portfolio busters" stocks
you should dump immediately- Find
out inside this exclusive forecast briefing.
Word
to the Wise: Wag
A "wag" is
a witty person – a joker. Used in this sense, the word may
have come from the obsolete "wag-halter" ("a
rogue; one likely to be hanged").
Example
(as I used it today): "Since (1986), politicians have
been snarling things up again. Clinton raised the (tax) cap
from 28 percent to 39.5 percent, and then other wags added
about 15,000 complications to that pretty-good tax program."
Michael
Masterson
Copyright ETR, LLC, 2006
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